https://www.taxtmi.com/caselaws?id=354421 The Tribunal allowed the appeal, setting aside the addition of deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961. The decision was based on the finding that the assessee was not a shareholder in the payer company, M/s Beehive Technologies Private Limited, from which the payment was received. Therefore, the Tribunal directed the Assessing Officer to delete the unjustified addition, emphasizing the requirement of shareholding for the application of Section 2(22)(e). en-us Thu, 25 Jan 2018 00:00:00 +0530 Sat, 27 Jan 2018 08:42:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354421 The Tribunal allowed the appeal, setting aside the addition of deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961. The decision was based on the finding that the assessee was not a shareholder in the payer company, M/s Beehive Technologies Private Limited, from which the payment was received. Therefore, the Tribunal directed the Assessing Officer to delete the unjustified addition, emphasizing the requirement of shareholding for the application of Section 2(22)(e). Case-Laws Income Tax Thu, 25 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354421