https://www.taxtmi.com/caselaws?id=59472 The Tribunal determined that the provisions of Section 2(22)(e) of the Income Tax Act were incorrectly applied in this case. It was concluded that the amount received by the assessee was a deposit, not a loan or advance. Consequently, the appeal was allowed, resulting in the deletion of the addition of Rs. 11,06,475. en-us Mon, 23 Aug 2004 00:00:00 +0530 Wed, 03 Jul 2024 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59472 The Tribunal determined that the provisions of Section 2(22)(e) of the Income Tax Act were incorrectly applied in this case. It was concluded that the amount received by the assessee was a deposit, not a loan or advance. Consequently, the appeal was allowed, resulting in the deletion of the addition of Rs. 11,06,475. Case-Laws Income Tax Mon, 23 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59472