https://www.taxtmi.com/caselaws?id=375816 The Court dismissed the Revenue's appeal regarding the interpretation of Section 2(22)(e) of the Income Tax Act, 1961, for Assessment Year 2002-03. It upheld the lower authorities' decisions, ruling that payments between two companies did not constitute deemed dividends. Emphasizing the specific conditions required by the Act, the Court distinguished the case from precedents involving Hindu Undivided Families. The appeal was rejected in favor of the assessee without costs, based on the findings and interpretations of the relevant legal provisions and precedents. en-us Tue, 29 Jan 2019 00:00:00 +0530 Mon, 25 Feb 2019 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375816 The Court dismissed the Revenue's appeal regarding the interpretation of Section 2(22)(e) of the Income Tax Act, 1961, for Assessment Year 2002-03. It upheld the lower authorities' decisions, ruling that payments between two companies did not constitute deemed dividends. Emphasizing the specific conditions required by the Act, the Court distinguished the case from precedents involving Hindu Undivided Families. The appeal was rejected in favor of the assessee without costs, based on the findings and interpretations of the relevant legal provisions and precedents. Case-Laws Income Tax Tue, 29 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375816