https://www.taxtmi.com/caselaws?id=783157 ITAT held that payment by the company for purchase of a motor car registered in the name of the assessee, a substantial shareholder, did not constitute deemed dividend under s. 2(22)(e). The Tribunal emphasized that the deeming provision applies only where payment is made for the individual and personal benefit of the shareholder during the relevant year. On facts, the car was used for the company's business and in discharge of official duties, and there was no material showing personal or family use by the assessee. Mere registration in the shareholder's name was held insufficient. The addition made as deemed dividend was deleted and the assessee's appeal allowed. en-us Fri, 28 Nov 2025 00:00:00 +0530 Wed, 10 Dec 2025 08:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783157 ITAT held that payment by the company for purchase of a motor car registered in the name of the assessee, a substantial shareholder, did not constitute deemed dividend under s. 2(22)(e). The Tribunal emphasized that the deeming provision applies only where payment is made for the individual and personal benefit of the shareholder during the relevant year. On facts, the car was used for the company's business and in discharge of official duties, and there was no material showing personal or family use by the assessee. Mere registration in the shareholder's name was held insufficient. The addition made as deemed dividend was deleted and the assessee's appeal allowed. Case-Laws Income Tax Fri, 28 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783157