Transfer of Commercial Space from VAPL to SSPD Not Deemed Dividend u/s 2(22)(e) of Income Tax Act.

Deemed Dividend - transfer of commercial space by VAPL to SSPD - Even if it was for the benefit of the assessee, no money has been received by the assessee and the assessee did not hold controlling shares in the transferor company. Thus, the provisions of section 2(22)(e) are not applicable - AT .....

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