TMI BlogDeemed dividend- an assessee who is not a shareholder of the company, from which it received a loan or...Deemed dividend- an assessee who is not a shareholder of the company, from which it received a loan or an advance cannot be treated as being covered by the definition of the word dividend as provided in Sec.2(22)(e) of the Act..... - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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