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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Deemed dividend u/s 2(22)(e) - unpaid price of purchase of ...


Unpaid Asset Purchase Price Deemed Dividend u/s 2(22)(e) Due to Shareholder's Substantial Interest.

May 3, 2019

Case Laws     Income Tax     HC

Deemed dividend u/s 2(22)(e) - unpaid price of purchase of assets of company - Assessee was having substantial interest as holding more than 10% of the share holding - rightly treated by the Tribunal as an advance to the Director falling within the mischief of Section 2(22)(e)

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