Tag Archives: deemed dividend

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 »

loan to sharholder holding 60% shares in company is deemed dividend

By | November 24, 2015

Section 2(22) of the Income-tax Act, 1961 Subject : Deemed dividend (Loans and advances to shareholders) Assessment year 2009-10 Facts of the Case :- Assessee had taken loans and advances from a company in which he was holding 60 per cent shares – Company possessed accumulated profits in excess of amount that was paid to… 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 »