Fees paid by Co. to financial advisor rendering services to shareholders couldn’t be held as deemed dividend

INCOME TAX: Where assessee decided to sale shares of a company held by it and said company appointed a financial advisor for evaluating value of its shares, searching a probable buyer, etc., and paid success fee for same to said advisor, since said fee was not paid by company on account of rendering any service to assessee shareholder, same could not be treated as perquisites in hands of assessee under section 2(24)(iv)

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