Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Addition u/s 2(22)(e) - even if amount given to the assessee for making the investment in the shares of the company as said investment was required for taking the loan from the bank, it is nothing but the loan/advance in terms of section 2(22)(e) as it was the duty of the promoters as a shareholder of the said company to infuse more capital - advance is not for trading or business purposes rightly treated as deemed dividend
Addition u/s 2(22)(e) - even if amount given to the assessee for making the investment in the shares of the company as said investment was required for taking the loan from the bank, it is nothing but the loan/advance in terms of section 2(22)(e) as it was the duty of the promoters as a shareholder of the said company to infuse more capital - advance is not for trading or business purposes rightly treated as deemed dividend
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
