Tag Archives: deemed dividend

Loan to director is not deemed divided if money Lending is one of object of company : HC

By | March 27, 2020

it is clear that as the assessee was holding more than 10% of the shares in both the companies, the provisions of section 2(22)(e) of the Act would come into play. However, the section further provides that the dividend does not include any advances or loan made to a share holder by the Company in… Read More »

Case Laws on Deemed dividend -Section 2(22)(e) of Income Tax Act

By | July 11, 2016

Case Laws on Deemed dividend -Section 2(22)(e) of Income Tax Act Variuos Case Laws on Deemed dividend -Section 2(22)(e) of Income Tax Act are summaried as follow : S. 2(22)(e) : Deemed dividend – SLP dismissed against the decision of the Delhi High Court in the case of CIT v. Subrata Roy(2015) 375 ITR 207  (Delhi)(HC)… Read More »

Business transactions between two entities can not be termed as deemed dividend

By | October 11, 2015

Where current account transactions between two group companies were business/commercial transactions, same could not be regarded as deemed dividend under section 2(22)(e) IN THE ITAT DELHI BENCH ‘C’ Ishwar Chand Jindal v. Assistant Commissioner of Income-tax I.C. SUDHIR, JUDICIAL MEMBER AND B.C. MEENA, ACCOUNTANT MEMBER IT APPEAL NOS. 4967 (DELHI) OF 2012 & 2002 (DELHI)… Read More »