https://www.taxtmi.com/caselaws?id=299268 Deemed dividend under section 2(22)(e) is taxable only in the hands of a shareholder; a non-shareholder recipient concern cannot be assessed on the loan or advance, so the addition was deleted. An estimated disallowance linked to speculation/share trading expenses was sustained because the assessee produced no material to show a lower attributable expense. V-SAT, lease line and transaction charges were treated as stock exchange infrastructure reimbursements, not fees for technical services or work payments requiring tax deduction at source, so the disallowance was deleted. Interest paid to SEBI under the SEBI Interest Liability Regularization Scheme, 2004 was allowed on actual payment basis as a crystallized liability. en-us Fri, 30 Jul 2010 00:00:00 +0530 Wed, 08 Dec 2021 17:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299268 Deemed dividend under section 2(22)(e) is taxable only in the hands of a shareholder; a non-shareholder recipient concern cannot be assessed on the loan or advance, so the addition was deleted. An estimated disallowance linked to speculation/share trading expenses was sustained because the assessee produced no material to show a lower attributable expense. V-SAT, lease line and transaction charges were treated as stock exchange infrastructure reimbursements, not fees for technical services or work payments requiring tax deduction at source, so the disallowance was deleted. Interest paid to SEBI under the SEBI Interest Liability Regularization Scheme, 2004 was allowed on actual payment basis as a crystallized liability. Case-Laws Income Tax Fri, 30 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299268