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Income Tax - Highlights / Catch Notes

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Deemed dividend u/s 2(22)(e) - advances given to societies - in ...


Advances to societies not deemed dividends u/s 2(22)(e) of Income Tax Act without legal right in society.

September 20, 2017

Case Laws     Income Tax     AT

Deemed dividend u/s 2(22)(e) - advances given to societies - in the absence of legal right of the assessee in the said society the amount advanced cannot be treated as deemed income.

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