TMI BlogDeemed dividend u/s 2(22)(e) - payments effected by the Subsidiary Company and received by the Assessee,...Deemed dividend u/s 2(22)(e) - payments effected by the Subsidiary Company and received by the Assessee, were as part of the regular business transactions - it could not have been treated as 'loan' or 'advances', so as to make the disputed amounts as “deemed dividend”, as defined under Section 2(22)(e). - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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