https://www.taxtmi.com/highlights?id=63125 Additions u/s 2(22)(e) on account of deemed dividend - Accumulated profit - As per the provision of Explanation 2, all the profits of the company up to the date of distribution or payment under section 2(22)(e) of the Act shall be considered as accumulated profits. Thus, the provision of Explanation 2 to section 2(22) of the Act does not distinguish between the profit accumulated in the immediately preceding year and the current year profit, and takes within its ambit all the profits up to the date of payment. - AT en-us Wed, 27 Apr 2022 08:31:35 +0530 Wed, 27 Apr 2022 08:31:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63125 Additions u/s 2(22)(e) on account of deemed dividend - Accumulated profit - As per the provision of Explanation 2, all the profits of the company up to the date of distribution or payment under section 2(22)(e) of the Act shall be considered as accumulated profits. Thus, the provision of Explanation 2 to section 2(22) of the Act does not distinguish between the profit accumulated in the immediately preceding year and the current year profit, and takes within its ambit all the profits up to the date of payment. - AT Highlights Income Tax Wed, 27 Apr 2022 08:31:35 +0530 https://www.taxtmi.com/highlights?id=63125