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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

Deemed dividend - If such loan or advance is given to such ...

Case Laws     Income Tax

January 10, 2015

Deemed dividend - If such loan or advance is given to such shareholder as a consequence of any further consideration which is beneficial to the company received from such a shareholder, in such case, such advance or loan cannot be said to a deemed dividend within the meaning of the Act - HC

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