https://www.taxtmi.com/caselaws?id=443349 The Tribunal found that the transactions between the assessee and GAPL were for business exigencies and not for personal benefit, thus falling outside the purview of Section 2(22)(e) of the Income Tax Act. The order of the CIT(A) was set aside, and the appeals of the assessee were allowed. en-us Tue, 11 Jul 2023 00:00:00 +0530 Fri, 22 Sep 2023 09:10:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443349 The Tribunal found that the transactions between the assessee and GAPL were for business exigencies and not for personal benefit, thus falling outside the purview of Section 2(22)(e) of the Income Tax Act. The order of the CIT(A) was set aside, and the appeals of the assessee were allowed. Case-Laws Income Tax Tue, 11 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443349