https://www.taxtmi.com/caselaws?id=282244 The Tribunal dismissed the revenue's appeal, upholding the CIT (A)'s decision to delete the addition under section 2(22)(e) of the Income Tax Act. The judgment emphasized the significance of shareholding, substantial interest, and the normal course of business in determining the applicability of deemed dividend provisions. The case clarified that transactions involving common shareholders and substantial interests in multiple companies must align with the statutory provisions to be deemed as dividends. en-us Fri, 04 May 2018 00:00:00 +0530 Mon, 29 Jul 2019 14:18:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282244 The Tribunal dismissed the revenue's appeal, upholding the CIT (A)'s decision to delete the addition under section 2(22)(e) of the Income Tax Act. The judgment emphasized the significance of shareholding, substantial interest, and the normal course of business in determining the applicability of deemed dividend provisions. The case clarified that transactions involving common shareholders and substantial interests in multiple companies must align with the statutory provisions to be deemed as dividends. Case-Laws Income Tax Fri, 04 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282244