https://www.taxtmi.com/caselaws?id=384512 The Tribunal upheld the Commissioner's decision that the loan received by a partnership firm did not qualify as deemed dividend under Section 2(22)(e) of the Income Tax Act as the firm was not a registered shareholder of the lending company. The Tribunal emphasized the importance of registered shareholdership at the time of the advance, as per legal precedents and statutory provisions, and dismissed both the Revenue's appeal and the Cross-Objection of the assessee based on the legal interpretations and factual findings. en-us Thu, 01 Aug 2019 00:00:00 +0530 Fri, 16 Aug 2019 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384512 The Tribunal upheld the Commissioner's decision that the loan received by a partnership firm did not qualify as deemed dividend under Section 2(22)(e) of the Income Tax Act as the firm was not a registered shareholder of the lending company. The Tribunal emphasized the importance of registered shareholdership at the time of the advance, as per legal precedents and statutory provisions, and dismissed both the Revenue's appeal and the Cross-Objection of the assessee based on the legal interpretations and factual findings. Case-Laws Income Tax Thu, 01 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384512