Shares Held by Minors Not Deemed Dividends for Assessee u/s 2(22)(e) of Income Tax Act.

Shares Held by Minors Not Deemed Dividends for Assessee u/s 2(22)(e) of Income Tax Act. https://www.taxtmi.com/highlights?id=56317 Deemed dividend u/s 2(22)(e) - shares held in the name of minor children - no such benefit accrued, and hence the assessee could not be said to be the beneficial owner of the shares standing in the name of his minor sons. Commissioner (Appeals) was, thus, right in holding that the amounts withdrawn from the company could not be deemed to be dividend under section 2(22)(e) - AT en-us Thu, 14 Jan 2021 11:40:09 +0530 Thu, 14 Jan 2021 11:40:09 +0530 TaxTMI RSS Generator Shares Held by Minors Not Deemed Dividends for Assessee u/s 2(22)(e) of Income Tax Act. https://www.taxtmi.com/highlights?id=56317 Deemed dividend u/s 2(22)(e) - shares held in the name of minor children - no such benefit accrued, and hence the assessee could not be said to be the beneficial owner of the shares standing in the name of his minor sons. Commissioner (Appeals) was, thus, right in holding that the amounts withdrawn from the company could not be deemed to be dividend under section 2(22)(e) - AT Highlights Income Tax Thu, 14 Jan 2021 11:40:09 +0530 https://www.taxtmi.com/highlights?id=56317