Deemed Dividends and Money Lending: Object Clause Alone Insufficient for Exception u/s 2(22)(e) of Income Tax Act.

Deemed Dividends and Money Lending: Object Clause Alone Insufficient for Exception u/s 2(22)(e) of Income Tax Act. https://www.taxtmi.com/highlights?id=6267 Deemed dividend u/s 2(22)(e) - merely stating in the object clause that the business of the assessee company was money lending cannot be held that the case of assessee falls under exceptional circumstances not to treat the deemed dividend. - AT en-us Tue, 18 Dec 2012 15:57:08 +0530 Tue, 18 Dec 2012 15:57:08 +0530 TaxTMI RSS Generator Deemed Dividends and Money Lending: Object Clause Alone Insufficient for Exception u/s 2(22)(e) of Income Tax Act. https://www.taxtmi.com/highlights?id=6267 Deemed dividend u/s 2(22)(e) - merely stating in the object clause that the business of the assessee company was money lending cannot be held that the case of assessee falls under exceptional circumstances not to treat the deemed dividend. - AT Highlights Income Tax Tue, 18 Dec 2012 15:57:08 +0530 https://www.taxtmi.com/highlights?id=6267