TMI BlogDeemed dividend - simply because there were transactions of cheques received and cheques paid in the...Deemed dividend - simply because there were transactions of cheques received and cheques paid in the mutual, open, current, running account with the sister concerns, the same cannot be considered as payment by way of loans or advances so as to attract provisions of section 2(22)(e) - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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