Dismissing the appeals of the assessee court held that ,records of Registrar of Companies showing shareholding over 10 Per Cent. Revised return filed before Registrar of companies subsequent to notice under Section 148.Loans received assessable as deemed dividend.No question of law .( AY.2000-01, 2003-04, 2004-05, 2005-06 )
Lailabi Khalid. v. CIT (2018) 408 ITR 385 (Ker) (HC)
S. 2(22)(e):Deemed dividend- Records of Registrar of Companies showing shareholding over 10 Per Cent. — Revised return filed before Registrar of companies subsequent to notice under Section 148- Loans received assessable as deemed dividend [ S. 147, 148 ]