Tag Archives: Section 2(22)(e)

Section 2(22)(e) Deemed dividend Case Laws

Section 2(22)(e)-Whether deemed dividend is attracted in case of common shareholders ? Held – No CIT vs Gopal Clothing Company Pvt Ltd.(Delhi High Court)(ITA 333/2006 ) Merely because the shareholders are common between the borrowing and lending company, the amount received are not taxable as dividend if the receiver company didn’t have the requisite shareholding. Following its… Read More »