Court Upholds Additions for Deemed Dividends u/s 2(22)(e) of Income Tax Act; Assessee's Claims Rejected.

Court Upholds Additions for Deemed Dividends u/s 2(22)(e) of Income Tax Act; Assessee's Claims Rejected. https://www.taxtmi.com/highlights?id=31861 Deemed dividends u/s. 2(22)(e) - loans and advances - The assessee blows hot and cold in the same breath. On the one hand it is claiming the impugned amount as share application money and when this story is demolished, it is taking an alternative plea on Inter-Corporate Deposits (ICD) - Additions confirmed - AT en-us Thu, 27 Oct 2016 10:02:40 +0530 Thu, 27 Oct 2016 10:02:40 +0530 TaxTMI RSS Generator Court Upholds Additions for Deemed Dividends u/s 2(22)(e) of Income Tax Act; Assessee's Claims Rejected. https://www.taxtmi.com/highlights?id=31861 Deemed dividends u/s. 2(22)(e) - loans and advances - The assessee blows hot and cold in the same breath. On the one hand it is claiming the impugned amount as share application money and when this story is demolished, it is taking an alternative plea on Inter-Corporate Deposits (ICD) - Additions confirmed - AT Highlights Income Tax Thu, 27 Oct 2016 10:02:40 +0530 https://www.taxtmi.com/highlights?id=31861