https://www.taxtmi.com/caselaws?id=418993 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition under Section 2(22)(e) of the Income Tax Act. The assessee's Cross Objection was also dismissed. The judgment emphasized that the provisions of Section 2(22)(e) apply only to registered and beneficial shareholders, and business transactions cannot be categorized as loans to attract deemed dividend provisions. en-us Wed, 23 Feb 2022 00:00:00 +0530 Tue, 01 Mar 2022 08:19:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418993 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition under Section 2(22)(e) of the Income Tax Act. The assessee's Cross Objection was also dismissed. The judgment emphasized that the provisions of Section 2(22)(e) apply only to registered and beneficial shareholders, and business transactions cannot be categorized as loans to attract deemed dividend provisions. Case-Laws Income Tax Wed, 23 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418993