https://www.taxtmi.com/caselaws?id=16486 The court ruled in favor of the assessee, holding that the transfer of money between accounts did not constitute a payment under section 2(22)(e) of the Income-tax Act as it did not involve an actual flow of cash. The judgment emphasized adhering to statutory provisions without introducing additional fictions in interpreting deemed dividend, aligning with legal precedents and rejecting the concept of constructive payment. en-us Wed, 17 Sep 1997 00:00:00 +0530 Tue, 08 Sep 2009 11:27:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16486 The court ruled in favor of the assessee, holding that the transfer of money between accounts did not constitute a payment under section 2(22)(e) of the Income-tax Act as it did not involve an actual flow of cash. The judgment emphasized adhering to statutory provisions without introducing additional fictions in interpreting deemed dividend, aligning with legal precedents and rejecting the concept of constructive payment. Case-Laws Income Tax Wed, 17 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16486