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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Deemed dividend addition u/s.2(22)(e) - advances given to sister ...

Income Tax

October 11, 2019

Deemed dividend addition u/s.2(22)(e) - advances given to sister concern without interest - Transactions were purely out of trading transactions between the two concerns the assessee and the sister concern are entered into in the ordinary business operations and therefore does not fall within the ambit of section 2(22)(e)

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