Thursday, August 23, 2018

No deemed dividend if assessee wasn't a registered shareholder in lending Co.

IT: Where AO made addition to income of assessee-company under section 2(22)(e) in respect of loan on ground that there was a common shareholder in case of assessee and lender company, since addition if any, could be made in hands of such registered shareholder, same deserved to be deleted in assessee's case

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