Deemed dividend u/s 2(22)(e) - Since the assessee is having ...

Excess Withdrawal by Major Shareholder Deemed Dividend u/s 2(22)(e) of Income Tax Act, Taxable to Assessee.

April 23, 2021

Case Laws Income Tax AT

Deemed dividend u/s 2(22)(e) - Since the assessee is having substantial interest in M/s Kalanikethan Textiles and Jewels Pvt. Ltd., i.e. more than 10% shareholding, the amount withdrawn from the above company over and above his credit balance, is treated as deemed dividend u/s 2(22)(e) of the Act in the hands of the assessee - AT

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Deemed dividend u/s 2(22)(e) - Since the assessee is having ...

Excess Withdrawal by Major Shareholder Deemed Dividend u/s 2(22)(e) of Income Tax Act, Taxable to Assessee.

April 23, 2021

Case Laws Income Tax AT

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