TMI BlogDeemed dividend u/s 2(22)(e) - money received from the lending companies - Money advanced by two sister...Deemed dividend u/s 2(22)(e) - money received from the lending companies - Money advanced by two sister concerns to the assessee company which was repaid during the year along with interest @ 12.5% per annum and used for the purpose of business of the assessee is not a loan/deposit to be treated as deemed dividend. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
