https://www.taxtmi.com/caselaws?id=373240 The High Court upheld the Tribunal's decision, concluding that the transactions between M/s. MEL, M/s. SREL, and Smt. Vandana Poddar were commercial in nature and not deemed dividends under Section 2(22)(e) of the Income Tax Act. The court found that the transactions were business-related, supported by proper banking channels and not for personal benefit. The appeal was disposed of in favor of the assessee, with the first and second substantial questions of law decided against the Revenue. en-us Mon, 10 Dec 2018 00:00:00 +0530 Thu, 18 Apr 2019 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373240 The High Court upheld the Tribunal's decision, concluding that the transactions between M/s. MEL, M/s. SREL, and Smt. Vandana Poddar were commercial in nature and not deemed dividends under Section 2(22)(e) of the Income Tax Act. The court found that the transactions were business-related, supported by proper banking channels and not for personal benefit. The appeal was disposed of in favor of the assessee, with the first and second substantial questions of law decided against the Revenue. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373240