https://www.taxtmi.com/caselaws?id=364902 The Tribunal dismissed the revenue's appeal and upheld the deletion of the deemed dividend addition under section 2(22)(e) for the assessment year 2006-07. The Tribunal found that the essential conditions of section 2(22)(e) were not satisfied based on the shareholding structure and voting rights of the assessee in the lending and borrowing companies, leading to the conclusion that the deemed dividend should not be added to the assessee's income. en-us Thu, 31 May 2018 00:00:00 +0530 Fri, 05 Aug 2022 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364902 The Tribunal dismissed the revenue's appeal and upheld the deletion of the deemed dividend addition under section 2(22)(e) for the assessment year 2006-07. The Tribunal found that the essential conditions of section 2(22)(e) were not satisfied based on the shareholding structure and voting rights of the assessee in the lending and borrowing companies, leading to the conclusion that the deemed dividend should not be added to the assessee's income. Case-Laws Income Tax Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364902