{"id":50215,"date":"2025-01-28T11:40:34","date_gmt":"2025-01-28T06:10:34","guid":{"rendered":"https:\/\/itatonline.org\/digest\/apeejay-p-ltd-v-dy-cit-2024-111-itr-231-kol-trib\/"},"modified":"2025-01-28T11:40:34","modified_gmt":"2025-01-28T06:10:34","slug":"apeejay-p-ltd-v-dy-cit-2024-111-itr-231-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/apeejay-p-ltd-v-dy-cit-2024-111-itr-231-kol-trib\/","title":{"rendered":"Apeejay P. Ltd. v. Dy. CIT (2024) 111 ITR 231 (Kol.) (Trib.)"},"content":{"rendered":"<p>Held that neither the assessee is a substantial shareholder of ATL nor ATL is a shareholder of the assessee. After relying upon various decisions, the ITAT held that since the assessee is not a shareholder in ATL, which has given loan\/advance to assessee, therefore, the assessee does not fall under any of the limbs provided u\/s 2(22)(e) of the Act, and the same cannot be invoked in the hands of the assessee but only in the hands of KSWPL. (AY. 2013-14, 2014-15, 2016-17, 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 2(22)(e) : Deemed dividend-Loans and advances-Regular business transactions-Not share holder-Not taxable as deemed dividend. <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-50215","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-d3V","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=50215"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50215\/revisions"}],"predecessor-version":[{"id":50216,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50215\/revisions\/50216"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=50215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=50215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=50215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}