Trade Advances will not deemed Dividend u/s 2(22)(e) : CBDT Circular
Summary : As per the following Circular CBDT has clarified that trade advances, which are in the nature of commercial transactions would not fall within the ambit of the word ‘advance’ in section 2(22)( e) of the Act. Accordingly, henceforth, appeals may not be filed on this ground by Officers of the Department and those already… Read More »