2015 (8) TMI 1262 - SCH - Income Tax

Deemed dividend u/s 2(22) - Held that - HC order upheld 2015 (2) TMI 731 - PUNJAB AND HARYANA HIGH COURT - The assessee having proved a tangible business expediency between the assessee and the company the question of invoking Section 2(22)(e) of the Act does not arise. We find no reason whether in law or in fact to interfere with these findings of facts which are neither perverse nor arbitrary. - Decided against the revenue.