https://www.taxtmi.com/highlights?id=1892 Deemed dividend - The expression "shareholder being a person who is the beneficial owner of shares" referred to in the first limb of Section 2(22)(e) refers to both a registered shareholder and beneficial shareholder. If a person is a registered shareholder but not the beneficial then the provision of Section 2(22)(e) will not apply. Similarly if a person is a beneficial shareholder but not a registered shareholder then also the first limb of provisions of Section 2(22)(e) will not apply. - HC en-us Mon, 10 Oct 2011 00:00:00 +0530 Mon, 10 Oct 2011 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=1892 Deemed dividend - The expression "shareholder being a person who is the beneficial owner of shares" referred to in the first limb of Section 2(22)(e) refers to both a registered shareholder and beneficial shareholder. If a person is a registered shareholder but not the beneficial then the provision of Section 2(22)(e) will not apply. Similarly if a person is a beneficial shareholder but not a registered shareholder then also the first limb of provisions of Section 2(22)(e) will not apply. - HC Highlights Income Tax Mon, 10 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/highlights?id=1892