Court Confirms ITAT Decision on Proportional Division of Deemed Dividends u/s 2(22)(e) of Income Tax Act. https://www.taxtmi.com/highlights?id=41850 Deemed dividend u/s 2(22)(e) - assessee was holding more than 10% shareholding in M/s MLPL (the lender company) and also having a substantial interest in M/s OFPL (the borrowing company) - ITAT divided the deemed dividend proportionally - order of ITAT confirmed. en-us Fri, 05 Oct 2018 13:40:40 +0530 Fri, 05 Oct 2018 13:40:40 +0530 TaxTMI RSS Generator Court Confirms ITAT Decision on Proportional Division of Deemed Dividends u/s 2(22)(e) of Income Tax Act. https://www.taxtmi.com/highlights?id=41850 Deemed dividend u/s 2(22)(e) - assessee was holding more than 10% shareholding in M/s MLPL (the lender company) and also having a substantial interest in M/s OFPL (the borrowing company) - ITAT divided the deemed dividend proportionally - order of ITAT confirmed. Highlights Income Tax Fri, 05 Oct 2018 13:40:40 +0530 https://www.taxtmi.com/highlights?id=41850