https://www.taxtmi.com/caselaws?id=457236 The HC dismissed the revenue's appeal challenging the ITAT's order on section 2(22)(e) of the Income Tax Act for the assessment years 2012-13 to 2014-15. The court upheld the ITAT's decision that section 2(22)(e) did not apply to loans repaid with interest within the same year, referencing a prior judgment. The application to recall the order condoning delay in filing the appeal was also dismissed, as the legal question had been previously addressed. en-us Mon, 11 Jul 2022 00:00:00 +0530 Thu, 12 Sep 2024 20:11:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457236 The HC dismissed the revenue's appeal challenging the ITAT's order on section 2(22)(e) of the Income Tax Act for the assessment years 2012-13 to 2014-15. The court upheld the ITAT's decision that section 2(22)(e) did not apply to loans repaid with interest within the same year, referencing a prior judgment. The application to recall the order condoning delay in filing the appeal was also dismissed, as the legal question had been previously addressed. Case-Laws Income Tax Mon, 11 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457236