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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Deemed dividend u/s 2(22)(e) - loan made to a share holder by ...


Loan to Shareholder Not Deemed Dividend Under Income Tax Act Section 2(22)(e) in Ordinary Business Transactions.

January 31, 2020

Case Laws     Income Tax     HC

Deemed dividend u/s 2(22)(e) - loan made to a share holder by the Company in the ordinary course of business - it is not in dispute that both the companies were having money lending as the substantial part of their business - No additions

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