Deemed dividend - addition u/s 2(22)(e) - Even though, assesse ...

Transaction Treated as Deemed Dividend u/s 2(22)(e) Despite Repayment; Classified as Short-Term Loan.

March 31, 2020

Case Laws Income Tax AT

Deemed dividend - addition u/s 2(22)(e) - Even though, assesse has repaid the deposit within the same year, it does not mean that the loan or benefit is not taken. - even though assessee claims it as inter corporate deposit, the literal meaning will remain same as the short term loan enjoyed by the assessee, hence in our considered view, the provision of section 2(22)(e) is attracted in the present case.

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Deemed dividend - addition u/s 2(22)(e) - Even though, assesse ...

Transaction Treated as Deemed Dividend u/s 2(22)(e) Despite Repayment; Classified as Short-Term Loan.

March 31, 2020

Case Laws Income Tax AT

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