Interpreting Deemed Dividend u/s 2(22)(e) of Income Tax Act: Assessee's Rs. 25L Loan Taxed as Dividend.

Interpreting Deemed Dividend u/s 2(22)(e) of Income Tax Act: Assessee's Rs. 25L Loan Taxed as Dividend. https://www.taxtmi.com/highlights?id=31001 Deemed dividend as per section 2(22)(e) - when the assessee borrowed the money from the M/s. Chaitanya Packagings (P) Ltd. the creditor company i.e. M/s. Chaitanya Packagings (P) Ltd. is having an amount of ₹ 48,03,137/- and out of which loan advanced to the assessee of ₹ 25,24,796/-. It is clearly a deemed dividend - AT en-us Thu, 01 Sep 2016 14:06:04 +0530 Thu, 01 Sep 2016 14:06:04 +0530 TaxTMI RSS Generator Interpreting Deemed Dividend u/s 2(22)(e) of Income Tax Act: Assessee's Rs. 25L Loan Taxed as Dividend. https://www.taxtmi.com/highlights?id=31001 Deemed dividend as per section 2(22)(e) - when the assessee borrowed the money from the M/s. Chaitanya Packagings (P) Ltd. the creditor company i.e. M/s. Chaitanya Packagings (P) Ltd. is having an amount of ₹ 48,03,137/- and out of which loan advanced to the assessee of ₹ 25,24,796/-. It is clearly a deemed dividend - AT Highlights Income Tax Thu, 01 Sep 2016 14:06:04 +0530 https://www.taxtmi.com/highlights?id=31001