https://www.taxtmi.com/highlights?id=48697 Addition u/s 2(22)(e) - even if amount given to the assessee for making the investment in the shares of the company as said investment was required for taking the loan from the bank, it is nothing but the loan/advance in terms of section 2(22)(e) as it was the duty of the promoters as a shareholder of the said company to infuse more capital - advance is not for trading or business purposes rightly treated as deemed dividend en-us Sat, 17 Aug 2019 06:10:34 +0530 Sat, 17 Aug 2019 06:10:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48697 Addition u/s 2(22)(e) - even if amount given to the assessee for making the investment in the shares of the company as said investment was required for taking the loan from the bank, it is nothing but the loan/advance in terms of section 2(22)(e) as it was the duty of the promoters as a shareholder of the said company to infuse more capital - advance is not for trading or business purposes rightly treated as deemed dividend Highlights Income Tax Sat, 17 Aug 2019 06:10:34 +0530 https://www.taxtmi.com/highlights?id=48697