https://www.taxtmi.com/caselaws?id=405979 The Revenue's appeal against the deletion of an addition made under section 2(22)(e) of the Income Tax Act for the Assessment Year 2011-2012 was dismissed. The Tribunal found that the appellant was not a shareholder of the related party, leading to the conclusion that section 2(22)(e) did not apply. The CIT (A)'s decision to delete the addition was upheld, emphasizing that the transactions were not deemed dividends as argued by the Revenue but rather part of the ordinary course of business supported by ledger entries. en-us Tue, 02 Mar 2021 00:00:00 +0530 Fri, 02 Apr 2021 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405979 The Revenue's appeal against the deletion of an addition made under section 2(22)(e) of the Income Tax Act for the Assessment Year 2011-2012 was dismissed. The Tribunal found that the appellant was not a shareholder of the related party, leading to the conclusion that section 2(22)(e) did not apply. The CIT (A)'s decision to delete the addition was upheld, emphasizing that the transactions were not deemed dividends as argued by the Revenue but rather part of the ordinary course of business supported by ledger entries. Case-Laws Income Tax Tue, 02 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405979