S. 4: Charge of income-tax-Capital or Revenue-Carbon Credits-Capital Receipt.

S. 2(24)(xviii) : Income-Assistance in the form of a subsidy or grant or cash incentive or duty drawback or waiver or concession or reimbursement-Eligible credit under served from India Scheme-Credit to be utilised only against purchase of capital goods and to be set off a portion of excise duty and custom duty only-Does not constitute taxable income [S. 4, 28(i)]

S. 2(22)(e) : Deemed dividend-Holding shares more than 10 Per Cent-Loans from companies assessable as deemed dividend.

S. 2(22)(e) : Deemed dividend-Business transaction-Special purpose vehicle-Not shareholder in lender company-Advance for business purpose-Not assessable as deemed dividend.

S. 2(22)(e) : Deemed dividend-Dividend if at all taxable was taxable in the previous financial year and not in the relevant year-Addition was deleted.

S. 2(22)(e) : Deemed dividend-Loans obtained from group companies-Not shareholder of payer group companies-Loan cannot be treated as deemed dividend.

S. 2(22)(e) : Deemed dividend-Amount received in earlier years-Addition was not justified.

S. 2(22)(e) : Deemed dividend-Loan to shareholder-Loan made in ordinary course-Separate loan account and trade account of assessee-Loan cannot be treated as deemed dividend at the hands of assessee.

S. 2(22)(e) : Deemed dividend-Loans and advances-Advance to business purposes-Deemed dividend provision is not applicable.

S. 2(22)(e) : Deemed dividend-Loan to Shareholder-Nature of business of company to lend money-Advanced money to assessee shareholder for exigency and charged interest-Loan not assessable as deemed dividend.