https://www.taxtmi.com/highlights?id=47200 Deemed dividend u/s 2(22)(e) - assessee hold 11.61% of shares in SDIPL and 22.81% in AIPL - Since lending of money was a substantial part of the business of SDIPL and AIPL, the money given by it by way of advance or loan to the assessee could not be regarded as a dividend, as it has to be excluded from the definition of “dividend” by virtue of clause (ii ) of Section 2(22) en-us Sat, 15 Jun 2019 07:50:25 +0530 Sat, 15 Jun 2019 07:50:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47200 Deemed dividend u/s 2(22)(e) - assessee hold 11.61% of shares in SDIPL and 22.81% in AIPL - Since lending of money was a substantial part of the business of SDIPL and AIPL, the money given by it by way of advance or loan to the assessee could not be regarded as a dividend, as it has to be excluded from the definition of “dividend” by virtue of clause (ii ) of Section 2(22) Highlights Income Tax Sat, 15 Jun 2019 07:50:25 +0530 https://www.taxtmi.com/highlights?id=47200