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Income Tax - Highlights / Catch Notes

Home Highlights April 2021 Year 2021 This

Deemed dividend u/s 2(22)(e) - Since the assessee is having ...

Case Laws     Income Tax

April 23, 2021

Deemed dividend u/s 2(22)(e) - Since the assessee is having substantial interest in M/s Kalanikethan Textiles and Jewels Pvt. Ltd., i.e. more than 10% shareholding, the amount withdrawn from the above company over and above his credit balance, is treated as deemed dividend u/s 2(22)(e) of the Act in the hands of the assessee - AT

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