Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
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
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