Dismissing the appeal of the revenue the court held that , deemed dividend can be assessed only in hands of registered shareholder. ( AY. 2007 -08 , 2010-11)
CIT v. Ennore Cargo Container Terminal P. Ltd. (2018) 406 ITR 477 (Mad) (HC)
S. 2(22)(e):Deemed dividend-Advance to Shareholder — Deemed dividend can be assessed only in hands of registered shareholder.