https://www.taxtmi.com/highlights?id=2054 Deemed dividend - it would not be possible to come to a conclusion that "accumulated profits" mentioned in section 2(22)(e) of the Act would be always equal to reserve and surplus mentioned in a balance sheet prepared under the Companies Act.... - AT en-us Tue, 08 Nov 2011 16:23:32 +0530 Tue, 08 Nov 2011 16:23:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=2054 Deemed dividend - it would not be possible to come to a conclusion that "accumulated profits" mentioned in section 2(22)(e) of the Act would be always equal to reserve and surplus mentioned in a balance sheet prepared under the Companies Act.... - AT Highlights Income Tax Tue, 08 Nov 2011 16:23:32 +0530 https://www.taxtmi.com/highlights?id=2054