TMI BlogAdvances to societies not deemed dividends u/s 2(22)(e) of Income Tax Act without legal right in society.Deemed dividend u/s 2(22)(e) - advances given to societies - in the absence of legal right of the assessee in the said society the amount advanced cannot be treated as deemed income. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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