Section 2(22)(e) does not extend to, or broaden concept of, a shareholder

CIT Vs. Madhur Housing And Development Co (Supreme Court) The impugned judgment and order dated 11.05.2011 has relied upon a judgment of the same date by a Division Bench of the High Court of Delhi in ITA No. 462 of 2009 in the case of CIT Vs. Ankitech Pvt Ltd . Having perused the judgment and having heard arguments, we are of the view that the judgment is a detailed judgment going into Section 2(22) (e) of the Income Tax Act which arises at the correct construction of the said Section. We do not wish to add anything to the judgment except to say that we agree therewith. Relevant Extract from ...