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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Deemed Dividend - section 2(22)(e) of the Act covers only such ...

Income Tax

December 23, 2014

Deemed Dividend - section 2(22)(e) of the Act covers only such situations, where the shareholder alone benefits from the loan transaction, because if the company also benefits from the said transaction, it will take the character of a commercial transaction - AT

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  3. Deemed dividend - looking at the transactions from the objects of section 2(22)(e) it cannot be said that there was diversion of dividend in the form of loans or advances.

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  5. Deemed dividend u/s 2(22)(e) - transactions made by the assessee and the company are for business purposes and are not deemed dividend under section 2(22)(e) - AT

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  8. Addition - Deemed dividend u/s 2(22)(e) - Loan - Addition made by AO restored.... - HC

  9. Deemed dividend u/s 2(22)(e) - payments made by the company towards advances to the assessee fulfils all the characteristics of 'dividend' as envisaged in S. 2(22)(e) - AT

  10. Deemed dividend addition u/s.2(22) - trade advance in relation to business transaction cannot be treated as deemed dividend - AT

 

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