https://www.taxtmi.com/caselaws?id=26039 The High Court held that the value of iron rods supplied by a company to the assessee constituted a dividend under section 2(22)(e) of the Income-tax Act, 1961. The court determined that the transaction was for the individual benefit of the assessee and was structured to circumvent tax provisions. Consequently, the court concluded that the value of the iron rods was assessable in the hands of the assessee, affirming the Tribunal's findings on the matter. en-us Fri, 25 Apr 1986 00:00:00 +0530 Tue, 02 Feb 2010 13:50:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26039 The High Court held that the value of iron rods supplied by a company to the assessee constituted a dividend under section 2(22)(e) of the Income-tax Act, 1961. The court determined that the transaction was for the individual benefit of the assessee and was structured to circumvent tax provisions. Consequently, the court concluded that the value of the iron rods was assessable in the hands of the assessee, affirming the Tribunal's findings on the matter. Case-Laws Income Tax Fri, 25 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26039