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Applicability of provisions of section 2(22)(e) to Beneficial Shareholder or Registered Shareholder- Supreme Court Ruling in National Travel v CIT
Case Law Details
- Case Name
- National Travel Service Vs. CIT (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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Jyoti Jain
National Travel Service Vs. CIT (Supreme Court of India)
Sec. 2(22)(e) of the Income Tax Act, 1961 (the Act), is one such deeming provision that has remain point of litigation over various issues since its inception. One such issue is applicability of provisions of section 2(22)(e) when a shareholder is beneficial shareholder or registered shareholder. In this context, a latest ruling of Supreme Court in case of National Travel v CIT Civil Appeal Nos. 2068-2071 of 2012 is available which interprets the law and set aside this controversy. The author summaries this ru...
I am sorry. The case has been referred to a larger bench and no finality has been reached till now. Even Ankitech has been refferd to a larger wide. So the controversy is wide open.
Nice Information…Great work jyoti:)