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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Deemed dividend u/s 2(22)(e) - assessee claimed the amount ...

Income Tax

February 24, 2018

Deemed dividend u/s 2(22)(e) - assessee claimed the amount received as guarantee fee for advance received from Ginza - the real intent of Ginza in advancing the sums it did to the assessee was to share its profit by way of deemed dividend - Decided in favor of revenue - HC

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  4. 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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  10. Deemed dividend u/s 2(22)(e) - trade advances made for the commercial transactions would not be hit by section 2(22)(e) of the Act - HC

 

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