https://www.taxtmi.com/caselaws?id=375363 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, ruling that for Section 2(22)(e) of the Income Tax Act to apply, the recipient must be a shareholder of the lending company. As the assessee was neither a registered nor a beneficial shareholder in the lending company, the loan received could not be deemed as dividend. The Tribunal dismissed the Revenue's appeal, affirming the deletion of the addition made by the Assessing Officer. en-us Wed, 13 Feb 2019 00:00:00 +0530 Mon, 18 Feb 2019 06:37:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375363 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, ruling that for Section 2(22)(e) of the Income Tax Act to apply, the recipient must be a shareholder of the lending company. As the assessee was neither a registered nor a beneficial shareholder in the lending company, the loan received could not be deemed as dividend. The Tribunal dismissed the Revenue's appeal, affirming the deletion of the addition made by the Assessing Officer. Case-Laws Income Tax Wed, 13 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375363