https://www.taxtmi.com/highlights?id=52660 Deemed dividend - addition u/s 2(22)(e) - Even though, assesse has repaid the deposit within the same year, it does not mean that the loan or benefit is not taken. - even though assessee claims it as inter corporate deposit, the literal meaning will remain same as the short term loan enjoyed by the assessee, hence in our considered view, the provision of section 2(22)(e) is attracted in the present case. en-us Tue, 31 Mar 2020 16:49:09 +0530 Tue, 31 Mar 2020 16:49:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52660 Deemed dividend - addition u/s 2(22)(e) - Even though, assesse has repaid the deposit within the same year, it does not mean that the loan or benefit is not taken. - even though assessee claims it as inter corporate deposit, the literal meaning will remain same as the short term loan enjoyed by the assessee, hence in our considered view, the provision of section 2(22)(e) is attracted in the present case. Highlights Income Tax Tue, 31 Mar 2020 16:49:09 +0530 https://www.taxtmi.com/highlights?id=52660