Deemed dividend addition u/s 2(22)(e) - a narrow definition to ...

Case Laws Income Tax

December 10, 2018

Deemed dividend addition u/s 2(22)(e) - a narrow definition to the word ‘’individual benefit’’ cannot be given. The benefit will include direct or indirect things. Partner whose friend’s wife received the advance had indirectly benefited from the advance received by the assessee from the company - Partial relief given by CIT(A) is not justified - Additions confirmed.

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Deemed dividend addition u/s 2(22)(e) - a narrow definition to ...

Case Laws Income Tax

December 10, 2018

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