Monday, January 7, 2019

Inter-corporate deposits can't be treated as deemed dividends: Mumbai ITAT

IT: Inter-Corporate Deposits (ICDs) are different from loans or advances and would not come under purview of 'deemed dividend' within meaning of section 2(22)

from www.taxmann.com Latest Case Laws http://bit.ly/2CWbJKR
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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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