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Income Tax - Highlights / Catch Notes

Home Highlights October 2016 Year 2016 This

Deemed dividends u/s. 2(22)(e) - loans and advances - The ...


Court Upholds Additions for Deemed Dividends u/s 2(22)(e) of Income Tax Act; Assessee's Claims Rejected.

October 27, 2016

Case Laws     Income Tax     AT

Deemed dividends u/s. 2(22)(e) - loans and advances - The assessee blows hot and cold in the same breath. On the one hand it is claiming the impugned amount as share application money and when this story is demolished, it is taking an alternative plea on Inter-Corporate Deposits (ICD) - Additions confirmed - AT

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