https://www.taxtmi.com/caselaws?id=428545 The appellate tribunal upheld the decision of the ld. CIT(A) to delete the addition under section 2(22)(e) of the Income Tax Act. The respondent's lack of shareholding in the recipient company at the time of the loan was supported by evidence and legal reasoning, leading to the dismissal of the Revenue's appeal. en-us Wed, 24 Aug 2022 00:00:00 +0530 Tue, 04 Oct 2022 08:51:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428545 The appellate tribunal upheld the decision of the ld. CIT(A) to delete the addition under section 2(22)(e) of the Income Tax Act. The respondent's lack of shareholding in the recipient company at the time of the loan was supported by evidence and legal reasoning, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Wed, 24 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428545