https://www.taxtmi.com/caselaws?id=35874 Loans advanced by a company are treated as deemed dividend only when they are made to the registered shareholder, because shareholder status for this purpose depends on the name entered in the register of shareholders. A beneficial owner who is not the registered shareholder does not attract section 2(22)(e) of the Income-tax Act, 1961. Applying this principle and treating the provision as pari materia with section 2(6A)(e) of the 1922 Act, the court held that a loan advanced to a Hindu undivided family could not be taxed as deemed dividend where the shares stood in the karta's name and the loan was not advanced to the registered shareholder as such. en-us Tue, 27 Jan 1981 00:00:00 +0530 Wed, 17 Mar 2010 12:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35874 Loans advanced by a company are treated as deemed dividend only when they are made to the registered shareholder, because shareholder status for this purpose depends on the name entered in the register of shareholders. A beneficial owner who is not the registered shareholder does not attract section 2(22)(e) of the Income-tax Act, 1961. Applying this principle and treating the provision as pari materia with section 2(6A)(e) of the 1922 Act, the court held that a loan advanced to a Hindu undivided family could not be taxed as deemed dividend where the shares stood in the karta's name and the loan was not advanced to the registered shareholder as such. Case-Laws Income Tax Tue, 27 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35874