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Income Tax - Highlights / Catch Notes

Home Highlights September 2017 Year 2017 This

Deemed dividend u/s. 2(22)(e) - The account appeared to be in ...


Funds Movement Not Deemed Dividend u/s 2(22)(e) of Income Tax Act Due to Accommodation Account Status.

September 27, 2017

Case Laws     Income Tax     AT

Deemed dividend u/s. 2(22)(e) - The account appeared to be in the nature of current adjustment accommodation account where there is movement of funds in both ways on need basis - the sum of can also not be regarded as deemed dividend u/s. 2(22)(e)

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