Deemed dividend addition u/s.2(22)(e) - assessee has not been ...

Transaction with Hextech Engineering deemed dividend u/s 2(22)(e) due to lack of commercial evidence, taxable on profits.

January 1, 2022

Case Laws Income Tax AT

Deemed dividend addition u/s.2(22)(e) - assessee has not been able to demonstrate through any cogent or credible evidence that this transaction that he had with the M/s. Hextech Engineering Pvt. Ltd. was commercial in nature. Therefore, the Assessing Officer rightly taxed the same as deemed dividend to the extent of accumulated profit in the hands of the assessee. - AT

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Deemed dividend addition u/s.2(22)(e) - assessee has not been ...

Transaction with Hextech Engineering deemed dividend u/s 2(22)(e) due to lack of commercial evidence, taxable on profits.

January 1, 2022

Case Laws Income Tax AT

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