Deemed dividend - simply because there were transactions of ...

Cheques in Mutual Account Not Considered Loans or Advances u/s 2(22)(e) of Income Tax Act; Not Deemed Dividends.

May 13, 2016

Case Laws Income Tax AT

Deemed dividend - simply because there were transactions of cheques received and cheques paid in the mutual, open, current, running account with the sister concerns, the same cannot be considered as payment by way of loans or advances so as to attract provisions of section 2(22)(e) - AT

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Deemed dividend - simply because there were transactions of ...

Cheques in Mutual Account Not Considered Loans or Advances u/s 2(22)(e) of Income Tax Act; Not Deemed Dividends.

May 13, 2016

Case Laws Income Tax AT

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