https://www.taxtmi.com/caselaws?id=290842 The Tribunal upheld the CIT (A)'s decision to delete the addition of deemed dividend under section 2(22)(e) for the assessment year 2009-2010. The Tribunal found that the provisions applied to shareholders, not beneficial shareholders like the assessee who was a shareholder of the lender companies. The appeal of the Revenue was dismissed on 4th November 2013. en-us Mon, 04 Nov 2013 00:00:00 +0530 Mon, 19 Oct 2020 13:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290842 The Tribunal upheld the CIT (A)'s decision to delete the addition of deemed dividend under section 2(22)(e) for the assessment year 2009-2010. The Tribunal found that the provisions applied to shareholders, not beneficial shareholders like the assessee who was a shareholder of the lender companies. The appeal of the Revenue was dismissed on 4th November 2013. Case-Laws Income Tax Mon, 04 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290842