Court: | ITAT, Ahmedabad |
Head Notes: | When Company advancing money to a company which was a substantial shareholders for mutual business benefits and when such advancement was on interest at prevailing market rates and when company advancing funds was also engaged in money lending activities, money received by shareholder company cannot be taxed as deemed dividend u/s 2(22)(e) of the Act. |
Law: | Income-Tax Act |
Section(s): | sec 2(22)(e) |
Counsel(s): | Sakar Sharma, FCA |
Dowload Pdf File | Click here to download the file in pdf format |
Uploaded By | Sakar Sharma |
Date of upload: | September 28, 2021 |
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