2021 (8) TMI 1380 - SCH - Income Tax

Deemed dividend - Partnership firm - purchase of shares in the name of partners - HC 2011 (7) TMI 288 - DELHI HIGH COURT held that appellant company being beneficial share holder hence loans accepted is added as deemed divided - HELD THAT - Interlocutory Application is an application for withdrawal of the appeals in light of the Direct Tax Vivad se Vishwas Act 2020. Application is allowed. Consequently Appeals stand dismissed as withdrawn.