Deemed dividend addition u/s 2(22)(e) - Provisions of Section ...

March 18, 2021

Case Laws Income Tax AT

Deemed dividend addition u/s 2(22)(e) - Provisions of Section 2(22)(e) relating to loan or advance can be deemed as dividend only to the extent of accumulated profit or so far as the loan is not reflected in the accounts, but in instance case the addition was made on the basis of the prior year amounts which was not at all discussed by the Assessing Officer as well as CIT(A) as to how the said amount was taken in respect of the current year account for making addition. - AT

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Deemed dividend addition u/s 2(22)(e) - Provisions of Section ...

March 18, 2021

Case Laws Income Tax AT

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