Court Rules Advances Are Regular Business, Not Deemed Dividends, u/s 2(22)(e) of Income Tax Act.

Court Rules Advances Are Regular Business, Not Deemed Dividends, u/s 2(22)(e) of Income Tax Act. https://www.taxtmi.com/highlights?id=15078 Deemed dividend u/s 2(22)(e) - advances received against the bills raised for the services rendered - no materials to establish that the amount received was not in regular course of trade but in the nature of loan and advance as envisaged u/s 2(22)(e) of the Act - AT en-us Mon, 14 Oct 2013 13:11:33 +0530 Mon, 14 Oct 2013 13:11:33 +0530 TaxTMI RSS Generator Court Rules Advances Are Regular Business, Not Deemed Dividends, u/s 2(22)(e) of Income Tax Act. https://www.taxtmi.com/highlights?id=15078 Deemed dividend u/s 2(22)(e) - advances received against the bills raised for the services rendered - no materials to establish that the amount received was not in regular course of trade but in the nature of loan and advance as envisaged u/s 2(22)(e) of the Act - AT Highlights Income Tax Mon, 14 Oct 2013 13:11:33 +0530 https://www.taxtmi.com/highlights?id=15078