Deemed dividend u/s 2(22)(e) - A.O. made addition on account of ...
Case Laws Income Tax
August 19, 2013
Deemed dividend u/s 2(22)(e) - A.O. made addition on account of debit balance of account - the account is clearly in the nature of a running current account and merely because for a few days there was a debit balance of it cannot be said that such debit balance was either loan or advance by M/s Daisy Motors Pvt. Ltd. to the assessee - AT
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