https://www.taxtmi.com/caselaws?id=759754 ITAT Cochin held that deemed dividend provisions under section 2(22)(e) cannot be applied where the assessee is not a registered shareholder of the company. The tribunal found that since the assessee was neither a registered shareholder nor beneficial owner of shares in the company, the statutory requirements for deemed dividend treatment were not satisfied. The addition made by revenue authorities was deleted, and the appeal was decided in favor of the assessee, following precedent established in similar cases. en-us Thu, 26 Sep 2024 00:00:00 +0530 Tue, 08 Oct 2024 07:36:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759754 ITAT Cochin held that deemed dividend provisions under section 2(22)(e) cannot be applied where the assessee is not a registered shareholder of the company. The tribunal found that since the assessee was neither a registered shareholder nor beneficial owner of shares in the company, the statutory requirements for deemed dividend treatment were not satisfied. The addition made by revenue authorities was deleted, and the appeal was decided in favor of the assessee, following precedent established in similar cases. Case-Laws Income Tax Thu, 26 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759754