https://www.taxtmi.com/caselaws?id=373241 The Tribunal allowed the appeal, finding Section 2(22)(e) of the Income Tax Act inapplicable to payments made to the assessee and his father. The High Court upheld this decision, emphasizing the commercial nature of the transaction and absence of tax evasion motives. The Court concluded that the transfer of funds did not constitute dividend income, leading to the dismissal of the Revenue's appeal. en-us Mon, 10 Dec 2018 00:00:00 +0530 Wed, 09 Jan 2019 07:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373241 The Tribunal allowed the appeal, finding Section 2(22)(e) of the Income Tax Act inapplicable to payments made to the assessee and his father. The High Court upheld this decision, emphasizing the commercial nature of the transaction and absence of tax evasion motives. The Court concluded that the transfer of funds did not constitute dividend income, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373241