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TMI Blog2014 (4) TMI 1264X X X X Extracts X X X X X X X X Extracts X X X X ..... VA EQUITY (P.) LTD. [ 2014 (4) TMI 788 - KARNATAKA HIGH COURT ] as held It is only the person whose name is entered in the Register of the shareholders of the Company as the holder of the shares who can be said to be a shareholder qua Company and not the person beneficially entitled to the shares - it is only where a loan is advanced by the Company to the registered shareholder and the other condi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... el for the respondent - assessee at the outset invited our attention to the judgment of this Court dated 8.1.2014 passed in ITA.No.322/12 (The Chief Commissioner of Income TaxIII and another Vs. M/s. Sarva Equity Pvt. Ltd) and connected appeals to submit that the substantial question of law involved in this appeal is squarely covered by the said judgment. Though in the memorandum of appeal, three ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tantial question of law in favour of the assessee and against the revenue. 5. We Accordingly, dispose of this appeal in terms of judgment dated 8.1.2014 rendered in ITA.No.322/12 and connected appeals and answer the aforementioned substantial question of law in favour of the assessee and against the revenue. It would be appropriate to reproduce concluding paragraphs in judgment dated 8.1.2014 whic ..... X X X X Extracts X X X X X X X X Extracts X X X X
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