https://www.taxtmi.com/caselaws?id=304701 The High Court dismissed the Tax Appeal, affirming the decisions of the CIT (Appeals) and the Tribunal. The Court held that the application of section 2(22)(e) of the Income Tax Act was correctly refused as the fundamental condition of a payment made by the company was not established, leading to the refusal to apply the said section. The Court emphasized that the judgments cited by the Revenue were based on different factual premises and did not alter the opinion of the Court. en-us Mon, 07 Apr 2014 00:00:00 +0530 Sat, 15 Oct 2022 17:43:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304701 The High Court dismissed the Tax Appeal, affirming the decisions of the CIT (Appeals) and the Tribunal. The Court held that the application of section 2(22)(e) of the Income Tax Act was correctly refused as the fundamental condition of a payment made by the company was not established, leading to the refusal to apply the said section. The Court emphasized that the judgments cited by the Revenue were based on different factual premises and did not alter the opinion of the Court. Case-Laws Income Tax Mon, 07 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304701