TMI BlogDeemed dividend addition u/s 2(22)(e) - monies advanced to the assessee - no funds of the company is...Deemed dividend addition u/s 2(22)(e) - monies advanced to the assessee - no funds of the company is divested; there exists a current account which keeps fluctuating as per requirement of the funds that arise in the ordinary course of business and hence cannot be treated as deemed dividend under section 2(22)(e). - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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