https://www.taxtmi.com/caselaws?id=280652 The appeal by the revenue and the cross objection by the assessee were dismissed as the court held that for Section 2(22)(e) of the Income Tax Act to apply, the assessee must be both a registered and beneficial shareholder of the lender company. Since the assessee did not meet these conditions, the deeming provisions under Section 2(22)(e) could not be invoked. en-us Mon, 21 Nov 2011 00:00:00 +0530 Wed, 15 May 2019 12:14:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280652 The appeal by the revenue and the cross objection by the assessee were dismissed as the court held that for Section 2(22)(e) of the Income Tax Act to apply, the assessee must be both a registered and beneficial shareholder of the lender company. Since the assessee did not meet these conditions, the deeming provisions under Section 2(22)(e) could not be invoked. Case-Laws Income Tax Mon, 21 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280652