Deemed Dividend - It is trite law that mere nomenclature of ...
Transaction Labels in Accounts Don't Define True Nature; Trading Payment Not a Loan or Advance.
December 17, 2011
Case Laws Income Tax HC
Deemed Dividend - It is trite law that mere nomenclature of entry in the books of accounts is not determinative of the true nature of transaction. - the payment made were the result of trading transaction between the parties and the amount was not given by way of loan or advance. .... - Tri
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