{"id":16154,"date":"2021-03-31T13:24:07","date_gmt":"2021-03-31T07:54:07","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-checkpoint-apparel-labelling-solutions-india-ltd-2021-276-taxman-312-mad-hc\/"},"modified":"2021-03-31T13:24:07","modified_gmt":"2021-03-31T07:54:07","slug":"cit-v-checkpoint-apparel-labelling-solutions-india-ltd-2021-276-taxman-312-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-checkpoint-apparel-labelling-solutions-india-ltd-2021-276-taxman-312-mad-hc\/","title":{"rendered":"CIT v. Checkpoint Apparel Labelling Solutions (India) Ltd. (2021) 276 Taxman 312 (Mad.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that since assessee was not a shareholder in said company from which it received loan, such loan amount could not be treated as deemed dividend. Followed CIT v. T. Abdul Wahid &amp; Co (2020) 428 ITR 456\/275 Taxman 101 (Mad.)(HC). (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 2(22)(e) : Dividend-Deemed dividend-Loan-Not share holder of the Company-Not assessable as deemed dividend. <\/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-16154","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4cy","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16154","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=16154"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16154\/revisions"}],"predecessor-version":[{"id":16155,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16154\/revisions\/16155"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=16154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=16154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=16154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}