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Income Tax - Highlights / Catch Notes

Home Highlights May 2020 Year 2020 This

Deemed dividend addition u/s 2(22)(e) - There remains no dispute ...

Case Laws     Income Tax

May 20, 2020

Deemed dividend addition u/s 2(22)(e) - There remains no dispute that the assessee has incurred interest expenses on the money borrowed from the company. Accordingly, we hold that there was no benefit derived by the assessee from such company on the money borrowed by him. - No additions can be made since, there was no benefit extended by the company to the assessee

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