Deemed Dividend: Re-computation of Net Debit Balance Considering Day-to-Day Accrued Interest
Deemed Dividend: Re-computation of Net Debit Balance Considering Day-to-Day Accrued Interest Facts The Parties: The assessee is a significant shareholder holding more than 10% shares in a closely-held company. The Transaction: The assessee maintained a running current account with the said company during the Assessment Year 2021-22. The Discrepancy: For a brief window of 8… Read More »
