Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2015 (4) TMI 637 - CALCUTTA HIGH COURT

2015 (4) TMI 637 - CALCUTTA HIGH COURT - TMI - Deemed dividend under Section 2(22)(e) - money received by a company, on account of the share premium - Held that:- In the case before us the provisions contained in Section 78 of the Companies Act, 1956 are applicable. It is interesting to note that it was not also the case of the revenue that from out of the moneys received on account of share premium dividend was declared as was done in the case of Bharat Fire And General Insurance (1964 (4) TMI .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

pondent : Ms. Sutapa Roy Chowdhury, Advocate Judgments The Court :- The question for consideration formulated at the time of admission of the appeal pertaining to the Assessment Year 2001-02 reads as follows :- Whether on the facts and in the circumstances of the case Income Tax Appellate Tribunal was justified in law in deleting the addition made by the Assessing Officer under Section 2(22)(e) of the Income Tax Act, 1961? The provisions contained in Section 2(22)(e) of the Income Tax Act provid .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

er, or to any concern in which such shareholders is a member or a partner and in which he has a substantial interest (hereafter in this clause referred to as the said concern) or any payment by any such company on behalf, or for the individual benefit, of any such shareholder, to the extent to which the company in either case possesses accumulated profits . It is apparent from the language of the clause quoted above that before any payment can take the character of dividend within the meaning of .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version