{"id":62217,"date":"2026-07-18T16:10:16","date_gmt":"2026-07-18T10:40:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vinita-pawankumar-saraf-v-ito-2025-238-ttj-34-177-taxmann-com-548-mum-trib\/"},"modified":"2026-07-18T16:10:16","modified_gmt":"2026-07-18T10:40:16","slug":"vinita-pawankumar-saraf-v-ito-2025-238-ttj-34-177-taxmann-com-548-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/vinita-pawankumar-saraf-v-ito-2025-238-ttj-34-177-taxmann-com-548-mum-trib\/","title":{"rendered":"Vinita Pawankumar Saraf v. ITO (2025) 238 TTJ 34 \/ 177 taxmann.com 548 (Mum.)(Trib)"},"content":{"rendered":"<p>Where the assessee held more than 10% shares only on the first day of the previous year and, after transferring a substantial number of shares, its shareholding fell below 10% and continued below that threshold for the remainder of the year, the loan received from the company could not be assessed as a deemed dividend under section 2(22)(e). The Assessing Officer erred in applying the expression &#8220;at any time during the previous year&#8221; to determine the shareholder&#8217;s eligibility, as Explanation 3(b) applies only to a concern other than a company. Since the assessee&#8217;s shareholding at the relevant year-end was below 10%, the provisions of section 2(22)(e) were not attracted, and the addition was directed to be deleted<strong>. (AY. 2013-14) <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 2(22)(e) : Deemed dividend-Loan-More than 10% shares only on the first day of the previous year, and after transferring a substantial number of shares, its shareholding fell below 10% and continued below the 10% threshold for the remainder of the year-Addition as deemed dividend was deleted. [S. 2(22)(e), Expln. 3(b)] <\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-62217","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gbv","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62217","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=62217"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62217\/revisions"}],"predecessor-version":[{"id":62218,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62217\/revisions\/62218"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}