Tag Archives: R/TAX APPEAL NO. 811 OF 2019

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 »