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Income Tax - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

Deemed dividend u/s 2(22)(e) - earnest money paid by the company ...

Income Tax

May 23, 2018

Deemed dividend u/s 2(22)(e) - earnest money paid by the company on behalf of the directors - money was not returned after cancellation of sell agreement - the entire arrangement between the assessee and both the companies falls within the mischief of provisions contained u/s 2(22)(e) - AT

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