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2017 (12) TMI 864 - HC - Income TaxDeemed dividend u/s 2(22)(e) - deemed shareholders - whether assessee is not the shareholder of the other Company? - Held that:- Hon’ble Delhi High Court has also held in case of CIT vs. Ankitech (P.) Ltd. in [2011 (5) TMI 325 - DELHI HIGH COURT] that the assessee should be a share holder in the lender company and such holding should be more than 10% of the voting rights, only then Section 2(22)(e) would be attracted. - Decided in favour of assessee.
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