Deemed dividend addition u/s 2(22)(e) - Liability of firm or ...

Deemed dividends u/s 2(22)(e) taxed on individual shareholders, not entities or non-shareholder directors. No remand needed.

January 19, 2023

Case Laws Income Tax HC

Deemed dividend addition u/s 2(22)(e) - Liability of firm or individual directors - Since the plain reading of Section 2(22)(e) of the Act makes it clear that the deemed dividend is to be taxed in the hands of individual shareholder and not an entity which does not hold shares in OSL, the question of remanding the matter to the CIT(A) did not arise. - HC

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Deemed dividend addition u/s 2(22)(e) - Liability of firm or ...

Deemed dividends u/s 2(22)(e) taxed on individual shareholders, not entities or non-shareholder directors. No remand needed.

January 19, 2023

Case Laws Income Tax HC

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