In Brief
The Supreme Court considered multiple consolidated civil appeals concerning the interpretation of section 2(22)(e) of the Income-tax Act, 1961. The Court examined the detailed judgment of the Delhi High Court Division Bench on this provision and found it to correctly construct the statutory provision. The Court agreed entirely with the High Court's analysis and reasoning, expressing no need to add further observations. Accordingly, all appeals and related special leave petitions were disposed of in terms of the High Court's order.
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