https://www.taxtmi.com/caselaws?id=275195 The Tribunal dismissed the revenue's appeal challenging the deletion of deemed dividend income u/s 2(22)(e) as it was established that HUF shares cannot be clubbed with individual shares for this purpose. Additionally, the Tribunal dismissed the assessee's challenge regarding the treatment of short term capital gains as business income since the cross objection on this issue was not pressed. Both the revenue's appeal and the assessee's cross objection were ultimately dismissed. en-us Mon, 17 Oct 2011 00:00:00 +0530 Fri, 21 Sep 2018 11:48:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275195 The Tribunal dismissed the revenue's appeal challenging the deletion of deemed dividend income u/s 2(22)(e) as it was established that HUF shares cannot be clubbed with individual shares for this purpose. Additionally, the Tribunal dismissed the assessee's challenge regarding the treatment of short term capital gains as business income since the cross objection on this issue was not pressed. Both the revenue's appeal and the assessee's cross objection were ultimately dismissed. Case-Laws Income Tax Mon, 17 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275195