Unpaid Asset Purchase Price Deemed Dividend u/s 2(22)(e) Due to Shareholder's Substantial Interest.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Deemed dividend u/s 2(22)(e) - unpaid price of purchase of assets of company - Assessee was having substantial interest as holding more than 10% of the share holding - rightly treated by the Tribunal as an advance to the Director falling within the mischief of Section 2(22)(e)....