https://www.taxtmi.com/caselaws?id=294438 The Tribunal dismissed the Revenue's appeal against the ld. CIT(A)'s decision to delete the addition of deemed dividend income u/s 2(22)(e) for the A.Y. 2006-07. The Tribunal upheld the deletion based on the lack of substantial interest by the shareholder in both companies, in line with relevant case law. The decision emphasized that substantial interest as defined in section 2(32) should be considered for taxation under u/s 2(22)(e), and rejected the Revenue's argument regarding the overruled decision by the Delhi High Court. en-us Fri, 05 Oct 2012 00:00:00 +0530 Wed, 14 Apr 2021 16:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294438 The Tribunal dismissed the Revenue's appeal against the ld. CIT(A)'s decision to delete the addition of deemed dividend income u/s 2(22)(e) for the A.Y. 2006-07. The Tribunal upheld the deletion based on the lack of substantial interest by the shareholder in both companies, in line with relevant case law. The decision emphasized that substantial interest as defined in section 2(32) should be considered for taxation under u/s 2(22)(e), and rejected the Revenue's argument regarding the overruled decision by the Delhi High Court. Case-Laws Income Tax Fri, 05 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294438