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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Deemed dividend u/s 2(22)(e) - Protective assessment - the ...


Assessing Officer's Protective Addition of Deemed Dividend u/s 2(22)(e) Leads to Unfair Double Taxation.

July 18, 2020

Case Laws     Income Tax     AT

Deemed dividend u/s 2(22)(e) - Protective assessment - the addition in the hands of the appellants on protective basis by the A O clearly amounts to a double addition and therefore, is unfair and unreasonable, which deserves to be deleted.

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