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2014 (4) TMI 1264 - HC - Income TaxDeemed dividend u/s 2(22)(e) - Advance/loan paid - HELD THAT:- Issue decided in favour of assessee as decided in SARVA EQUITY (P.) LTD. [2014 (4) TMI 788 - KARNATAKA HIGH COURT] as held It is only the person whose name is entered in the Register of the shareholders of the Company as the holder of the shares who can be said to be a shareholder qua Company and not the person beneficially entitled to the shares - it is only where a loan is advanced by the Company to the registered shareholder and the other conditions set out in Section 2(22)(e) of the Act are satisfied, that amount of loan would be liable to be regarded as deemed dividend - Decided against revenue.
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