Deemed dividend addition u/s 2(22)(e) - AO’s action treating the ...

AO's Classification of Advances as Business Income Overturned; Deemed Dividend u/s 2(22)(e) Still Applies.

July 28, 2022

Case Laws Income Tax AT

Deemed dividend addition u/s 2(22)(e) - AO’s action treating the advances received from the company as business income already stands deleted. We hold that the same has no bearing on the instant issue of deemed dividend whose application stands sufficiently proved qua the loan and advances coming from the company side to his account. - AT

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Deemed dividend addition u/s 2(22)(e) - AO’s action treating the ...

AO's Classification of Advances as Business Income Overturned; Deemed Dividend u/s 2(22)(e) Still Applies.

July 28, 2022

Case Laws Income Tax AT

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