https://www.taxtmi.com/caselaws?id=394083 The tribunal partly upheld the revenue's appeal and dismissed the assessee's cross-objection, emphasizing the necessity of analyzing transactions individually under section 2(22)(e) of the Income Tax Act. It concluded that debentures issued by the assessee were securities, not loans, thus not subject to deemed dividend taxation, clarifying the provision's application in inter-corporate transactions. en-us Fri, 06 Mar 2020 00:00:00 +0530 Wed, 06 Nov 2024 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394083 The tribunal partly upheld the revenue's appeal and dismissed the assessee's cross-objection, emphasizing the necessity of analyzing transactions individually under section 2(22)(e) of the Income Tax Act. It concluded that debentures issued by the assessee were securities, not loans, thus not subject to deemed dividend taxation, clarifying the provision's application in inter-corporate transactions. Case-Laws Income Tax Fri, 06 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394083