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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

Deemed dividend as per section 2(22)(e) - when the assessee ...

Case Laws     Income Tax

September 1, 2016

Deemed dividend as per section 2(22)(e) - when the assessee borrowed the money from the M/s. Chaitanya Packagings (P) Ltd. the creditor company i.e. M/s. Chaitanya Packagings (P) Ltd. is having an amount of ₹ 48,03,137/- and out of which loan advanced to the assessee of ₹ 25,24,796/-. It is clearly a deemed dividend - AT

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