https://www.taxtmi.com/caselaws?id=464097 Section 2(22)(e) of the Income-tax Act applies only when the statutory conditions for deemed dividend are satisfied, including the relevant shareholder relationship. On the facts found, the assessee was not a shareholder of the concerned companies, so the inter-corporate deposit could not be treated as deemed dividend. The Bombay HC also found no perversity or legal error in the Tribunal's factual findings and declined to interfere in appeal. The Revenue's challenge therefore failed, and the Tribunal's order was left undisturbed. en-us Mon, 11 Aug 2014 00:00:00 +0530 Fri, 03 Oct 2025 15:50:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464097 Section 2(22)(e) of the Income-tax Act applies only when the statutory conditions for deemed dividend are satisfied, including the relevant shareholder relationship. On the facts found, the assessee was not a shareholder of the concerned companies, so the inter-corporate deposit could not be treated as deemed dividend. The Bombay HC also found no perversity or legal error in the Tribunal's factual findings and declined to interfere in appeal. The Revenue's challenge therefore failed, and the Tribunal's order was left undisturbed. Case-Laws Income Tax Mon, 11 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464097