Home
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1980 (11) TMI 93 - ITAT MADRAS-AExtract: .......rofits had been increased by the two sums referred to by the Tribunal in its order, still the loan amount taken by the assessee remains at Rs. 15,542 and only that amount has to be treated as the deemed dividend under s. 2(22)(e), whatever be the amount of accumulated profits. We, therefore, confirm the order of the CIT (A) and dismiss this appeal.
|