https://www.taxtmi.com/caselaws?id=357825 The Court ruled in favor of the Revenue, holding that the recipient-shareholder is liable to tax for deemed dividends received, as exemptions under Section 10(34) only apply to amounts taxed under Section 115(O). The appeal was rejected, with no costs awarded, clarifying the tax implications of deemed dividends under Section 2(22)(e) of the Income Tax Act, 1961. en-us Thu, 08 Mar 2018 00:00:00 +0530 Thu, 31 May 2018 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357825 The Court ruled in favor of the Revenue, holding that the recipient-shareholder is liable to tax for deemed dividends received, as exemptions under Section 10(34) only apply to amounts taxed under Section 115(O). The appeal was rejected, with no costs awarded, clarifying the tax implications of deemed dividends under Section 2(22)(e) of the Income Tax Act, 1961. Case-Laws Income Tax Thu, 08 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357825