https://www.taxtmi.com/caselaws?id=39865 A loan or advance treated as deemed dividend under section 2(6A)(e) was also includible in the assessee's total income under section 16(3) where the recipient was the assessee's wife and minor children. The court reasoned that the deeming fiction in section 2(6A)(e) is confined to that provision, but it can still be traced to transferred assets for clubbing purposes if the statutory conditions in section 16(3) are met. Because the deemed dividend arose from shares held by the wife and minor children, it was sufficiently connected with the transferred assets and was assessable in the transferor's hands. en-us Fri, 16 Aug 1974 00:00:00 +0530 Tue, 20 Apr 2010 17:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39865 A loan or advance treated as deemed dividend under section 2(6A)(e) was also includible in the assessee's total income under section 16(3) where the recipient was the assessee's wife and minor children. The court reasoned that the deeming fiction in section 2(6A)(e) is confined to that provision, but it can still be traced to transferred assets for clubbing purposes if the statutory conditions in section 16(3) are met. Because the deemed dividend arose from shares held by the wife and minor children, it was sufficiently connected with the transferred assets and was assessable in the transferor's hands. Case-Laws Income Tax Fri, 16 Aug 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39865