Court Rules Cancelled Cheque Not Deemed Dividend u/s 2(22)(e) of Income Tax Act: No Payment, No Dividend.

Court Rules Cancelled Cheque Not Deemed Dividend u/s 2(22)(e) of Income Tax Act: No Payment, No Dividend. https://www.taxtmi.com/highlights?id=37097 Deemed dividend addition u/s 2(22)(e) - Mere issuance of a cheque that was subsequently cancelled and returned without ever being ever presented for encashment and without any money having been paid against the same to the assessee it could never constitute payment of any sum. - HC en-us Thu, 07 Dec 2017 08:44:16 +0530 Thu, 07 Dec 2017 08:44:16 +0530 TaxTMI RSS Generator Court Rules Cancelled Cheque Not Deemed Dividend u/s 2(22)(e) of Income Tax Act: No Payment, No Dividend. https://www.taxtmi.com/highlights?id=37097 Deemed dividend addition u/s 2(22)(e) - Mere issuance of a cheque that was subsequently cancelled and returned without ever being ever presented for encashment and without any money having been paid against the same to the assessee it could never constitute payment of any sum. - HC Highlights Income Tax Thu, 07 Dec 2017 08:44:16 +0530 https://www.taxtmi.com/highlights?id=37097