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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Deemed dividend u/s 2(22)(e) - The break up of different kinds ...

Income Tax

October 12, 2015

Deemed dividend u/s 2(22)(e) - The break up of different kinds of loans and advances indicated by the said Finance Company in its balance sheet was for its convenience. The fact remains that the Finance Company was substantially carrying on the business of lending money which was its main business. - Not taxable - HC

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