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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Deemed dividend addition u/s 2(22)(e) - It it is the company ...

January 10, 2020

Case Laws     Income Tax     AT

Deemed dividend addition u/s 2(22)(e) - It it is the company which owes the assessee the money rather vice-versa, it is unequivocally proved that the advance received from the company by the assessee is in the nature of trade advance against the booking of commercial place being built by the assessee - Additions deleted.

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