https://www.taxtmi.com/highlights?id=61739 Addition u/s 2(22)(e) - deemed dividend - interest bearing Loans - proportionate ownership of property acquired out of borrowed fund by the “company” to the extent of loan/advance lies with the assessee - CIT(A) is justified in holding that the AO is not right in bring to tax sum as a deemed dividend in the hands of the assessee. Since, We held that the provision of section 2(22)(e) of the Act have no application to the facts of the case - AT en-us Tue, 01 Feb 2022 08:31:23 +0530 Tue, 01 Feb 2022 08:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61739 Addition u/s 2(22)(e) - deemed dividend - interest bearing Loans - proportionate ownership of property acquired out of borrowed fund by the “company” to the extent of loan/advance lies with the assessee - CIT(A) is justified in holding that the AO is not right in bring to tax sum as a deemed dividend in the hands of the assessee. Since, We held that the provision of section 2(22)(e) of the Act have no application to the facts of the case - AT Highlights Income Tax Tue, 01 Feb 2022 08:31:23 +0530 https://www.taxtmi.com/highlights?id=61739