https://www.taxtmi.com/caselaws?id=20714 The High Court ruled that section 2(22)(e) of the Income-tax Act applies to a company holding 100% shares of a subsidiary, including appropriations to development rebate reserves in accumulated profits. Only loans meeting the criteria during the relevant year should be considered as dividend income. The decision favored the Revenue, clarifying the interpretation of deemed dividend and accumulated profits under the Act. en-us Fri, 26 Feb 1993 00:00:00 +0530 Mon, 16 Nov 2009 17:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20714 The High Court ruled that section 2(22)(e) of the Income-tax Act applies to a company holding 100% shares of a subsidiary, including appropriations to development rebate reserves in accumulated profits. Only loans meeting the criteria during the relevant year should be considered as dividend income. The decision favored the Revenue, clarifying the interpretation of deemed dividend and accumulated profits under the Act. Case-Laws Income Tax Fri, 26 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20714