No SLP against HC’s ruling that share application money received from Co. wasn’t loan for invoking Sec. 22(2)(e)

INCOME-TAX : Where High Court upheld Tribunal's order holding that amount received as share application money from companies in both of which assessee had beneficial interest, was not loan and advance for purposes of invoking section 2(22)(e) SLP filed against said order was to be dismissed due to low tax effect

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000192836/no-slp-against-hc’s-ruling-that-share-application-money-received-from-co-wasn’t-loan-for-invoking-sec-222e.aspx