https://www.taxtmi.com/highlights?id=54913 Deemed dividend u/s 2(22) (e) - to be assessed in the hands of the share holder or in the hands of the firm - the nature of transaction between the firm and the company and it is neither a loan nor an advance, but a deferred liability. - ITAT rightly deleted the additions - HC en-us Fri, 25 Sep 2020 09:52:53 +0530 Fri, 25 Sep 2020 09:52:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54913 Deemed dividend u/s 2(22) (e) - to be assessed in the hands of the share holder or in the hands of the firm - the nature of transaction between the firm and the company and it is neither a loan nor an advance, but a deferred liability. - ITAT rightly deleted the additions - HC Highlights Income Tax Fri, 25 Sep 2020 09:52:53 +0530 https://www.taxtmi.com/highlights?id=54913