Court Rules Advances Are Regular Business, Not Deemed Dividends, u/s 2(22)(e) of Income Tax Act.

Deemed dividend u/s 2(22)(e) - advances received against the bills raised for the services rendered - no materials to establish that the amount received was not in regular course of trade but in the nature of loan and advance as envisaged u/s 2(22)(e) of the Act - AT .....

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