Tag Archives: deemed dividend

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

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 »