Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2015 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (11) TMI 1611 - HC - Income TaxDeemed dividend addition u/s 2(22)(e) - Held that:- On the basis of the available particulars, categorically came to the conclusion that the assessee company is only a intermediary between the two subsidiary companies and no beneficial interest has been accrued to the assessee company by the advances between the subsidiary companies and sub subsidiary companies. Consequently, the ingredients of Section 2(22)(e) of the Income Tax Act is not attracted. - Decided in favour of assessee
|