Deemed dividend u/s 2(22)(e) - All indications were that the ...
Assessee's use of company funds for personal gain leads to confirmed additions u/s 2(22)(e) as deemed dividends.
September 1, 2018
Case Laws Income Tax AT
Deemed dividend u/s 2(22)(e) - All indications were that the assessee used money for its own purposes as it did by advancing substantial amounts enjoying the profits of the company. - Additions confirmed.
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