https://www.taxtmi.com/caselaws?id=55083 The Tribunal ruled in favor of the assessee, holding that the provisions of section 2(22)(e) of the Income-tax Act were not applicable. It found that the loan given to Victory Wood Works could not be treated as deemed dividend in the hands of the assessee as she did not meet the criteria of a person with substantial interest in the company. The Tribunal concluded that the income-tax authorities were not justified in invoking section 2(22)(e) and deleted the disputed amount from the assessee's total income for the relevant assessment year. en-us Sun, 11 Nov 1984 00:00:00 +0530 Tue, 23 Nov 2010 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55083 The Tribunal ruled in favor of the assessee, holding that the provisions of section 2(22)(e) of the Income-tax Act were not applicable. It found that the loan given to Victory Wood Works could not be treated as deemed dividend in the hands of the assessee as she did not meet the criteria of a person with substantial interest in the company. The Tribunal concluded that the income-tax authorities were not justified in invoking section 2(22)(e) and deleted the disputed amount from the assessee's total income for the relevant assessment year. Case-Laws Income Tax Sun, 11 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55083