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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Treating the loan received as deemed dividend u/s 2(22)(e) - ...


Loan Treated as Deemed Dividend u/s 2(22)(e); Taxpayer's Fabricated Documents Uncovered in Reassessment Attempt.

June 22, 2018

Case Laws     Income Tax     HC

Treating the loan received as deemed dividend u/s 2(22)(e) - reopening of assessment - the documents produced by the assessee were cooked up and the revision of returns said to have been filed before the Registrar of Companies, was subsequent to the notice issued under Section 147; an afterthought to wriggle out of the liability.

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