Deemed Dividend Rules u/s 2(22)(e) Apply to Loans with Short Retention Period; Assessee's Argument Lacks Evidence.

Deemed Dividend Rules u/s 2(22)(e) Apply to Loans with Short Retention Period; Assessee's Argument Lacks Evidence. https://www.taxtmi.com/highlights?id=49422 Deemed dividend addition u/s (2)(22)(e) - loans or advances - ‘low’ retention period - the provision in no manner seeking to impinge on genuine business transactions - The assessee’s argument, which is even otherwise not backed by any material and only in the nature of a bald statement, is therefore without merit. en-us Tue, 24 Sep 2019 07:41:40 +0530 Tue, 24 Sep 2019 07:41:40 +0530 TaxTMI RSS Generator Deemed Dividend Rules u/s 2(22)(e) Apply to Loans with Short Retention Period; Assessee's Argument Lacks Evidence. https://www.taxtmi.com/highlights?id=49422 Deemed dividend addition u/s (2)(22)(e) - loans or advances - ‘low’ retention period - the provision in no manner seeking to impinge on genuine business transactions - The assessee’s argument, which is even otherwise not backed by any material and only in the nature of a bald statement, is therefore without merit. Highlights Income Tax Tue, 24 Sep 2019 07:41:40 +0530 https://www.taxtmi.com/highlights?id=49422