https://www.taxtmi.com/caselaws?id=197291 The Calcutta High Court dismissed the appeal under section 260A of the Income Tax Act concerning the interpretation of section 2(22)(e) on deemed dividend. The Court held that the respondent, not being a shareholder of the company providing loans, led to the dismissal of the appeal. The Court referred to a previous judgment emphasizing that the definition of 'dividend' does not extend to a 'shareholder' based on a legal fiction, ultimately resulting in the rejection of the application and appeal. en-us Thu, 21 Aug 2014 00:00:00 +0530 Tue, 02 Jan 2018 08:13:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197291 The Calcutta High Court dismissed the appeal under section 260A of the Income Tax Act concerning the interpretation of section 2(22)(e) on deemed dividend. The Court held that the respondent, not being a shareholder of the company providing loans, led to the dismissal of the appeal. The Court referred to a previous judgment emphasizing that the definition of 'dividend' does not extend to a 'shareholder' based on a legal fiction, ultimately resulting in the rejection of the application and appeal. Case-Laws Income Tax Thu, 21 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197291