{"id":15227,"date":"2021-02-11T16:57:57","date_gmt":"2021-02-11T11:27:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/empire-holdings-ltd-v-dy-cit-2019-112-taxmann-com-319-chennai-trib\/"},"modified":"2021-02-11T16:57:57","modified_gmt":"2021-02-11T11:27:57","slug":"empire-holdings-ltd-v-dy-cit-2019-112-taxmann-com-319-chennai-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/empire-holdings-ltd-v-dy-cit-2019-112-taxmann-com-319-chennai-trib\/","title":{"rendered":"Empire Holdings Ltd v. Dy.CIT ( 2019) 112 taxmann.com 319 ( Chennai) (Trib)"},"content":{"rendered":"<p>Dismissing the appeal of the assessee the Tribunal held that \u00a0reassessment is held to be valid . The Tribunal also held that as the assessee has not established the advance of loans to business purposes, addition as deemed dividend is held to be justified. ( AY. 2005 -06)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 2(22)(e):Deemed dividend \u2013 Loans and advances to subsidiary \u2013 Not established the business purposes \u2013 Addition as deemed dividend is held to be valid \u2013 Reassessment is also held to be valid [ S. 147 , 148 ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-15227","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3XB","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=15227"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15227\/revisions"}],"predecessor-version":[{"id":15228,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15227\/revisions\/15228"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}