2011 (9) TMI 752

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..... reholders. The loan has been advanced to a company who is not a shareholder of M/s Ankur Agro Pvt. Ltd. - Revenue appeal dismissed. - ITA NO. 152 OF 2011 - - - Dated:- 28-9-2011 - SHRI HEMANT GUPTA AND SHRI JASWANT SINGH, JJ. Ms. Savita Saxena for the Appellant. ORDER Hemant Gupta, J. - Revenue has sought the following two substantial questions of law having arisen out of the orde .....

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..... Sharman Woolen Mills Ltd., a separate registered Company under the provisions of Companies Act, 1956. The Assessing Officer made an addition of Rs. 99,10,000/- in the income of the assessee as a dividend in terms of Section 2(22)(e) of the Income-tax Act, 1961 (for short the 'Act') which order was set aside in appeal and maintained by Tribunal. 3. Learned Tribunal has found that in terms of Sect .....

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