https://www.taxtmi.com/caselaws?id=404265 The court clarified that the payments made by a company to a shareholder, adjusted with a security deposit, were deemed a commercial transaction, not a loan under Section 2(22)(e) of the Income Tax Act. The court ruled that these transactions were commercial in nature and not subject to taxation. The appeal was allowed in favor of the shareholder, overturning the tribunal's decision. en-us Wed, 10 Feb 2021 00:00:00 +0530 Wed, 07 Apr 2021 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404265 The court clarified that the payments made by a company to a shareholder, adjusted with a security deposit, were deemed a commercial transaction, not a loan under Section 2(22)(e) of the Income Tax Act. The court ruled that these transactions were commercial in nature and not subject to taxation. The appeal was allowed in favor of the shareholder, overturning the tribunal's decision. Case-Laws Income Tax Wed, 10 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404265