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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

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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