Deemed dividend u/s 2(22)(e) - shares held in the name of minor children - no such benefit accrued, and...

Deemed dividend u/s 2(22)(e) - shares held in the name of minor children - no such benefit accrued, and hence the assessee could not be said to be the beneficial owner of the shares standing in the name of his minor sons. Commissioner (Appeals) was, thus, right in holding that the amounts withdrawn from the company could not be deemed to be dividend under section 2(22)(e) - AT .....

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