Addition u/s 2(22)(e) - deemed dividend - transfer of funds was ...

Court Rules: Section 2(22)(e) on Deemed Dividends Not Triggered by Fund Transfers Between Companies with Shared Director.

April 4, 2022

Case Laws Income Tax AT

Addition u/s 2(22)(e) - deemed dividend - transfer of funds was between the companies on the direction of the Director - Substantial Share Holding - Before the Ld. CIT(A) it was inter alia submitted that the assessee had not paid but on the contrary it had received the sum from shareholder/director during the relevant year and, therefore, the provisions of section 2(22)(e) were not triggered. - CIT(A) rightly deleted the additions - AT

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Addition u/s 2(22)(e) - deemed dividend - transfer of funds was ...

Court Rules: Section 2(22)(e) on Deemed Dividends Not Triggered by Fund Transfers Between Companies with Shared Director.

April 4, 2022

Case Laws Income Tax AT

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