S. 2(22(e) – Mere transfer of profit by a company cannot be treated as loan

IN THE ITAT DELHI BENCH ‘I & SMC’ Mahender Kumar Gupta (HUF) Versus Assistant Commissioner of Income-tax IT APPEAL NO. 1827 (DELHI) OF 2012 [ASSESSMENT YEAR 2004-05] OCTOBER 12, 2012 ORDER A.N. Pahuja, Accountant Member  This appeal filed on 19.04.2012 by the assessee against an order dated 25.01.2012 of the ld. CIT(A)-Meerut, raises following grounds :- “1.  That the order of learned Commissioner of Income Tax (Appeals) is bad in law as well as is against the facts and circumstances of the case.  2.  That learned Commissioner of Income Tax (Appeals) ...