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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Deemed dividend u/s 2(22)(e) - advances received against the ...


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

October 14, 2013

Case Laws     Income Tax     AT

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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