Advance from Co. rightly treated as deemed dividend if director failed to justify non-execution of purchase deal

INCOME TAX : Where High Court upheld Tribunal's order holding that certain amount received by assessee, a director of 'C' Ltd., from said company constituted deemed dividend under section 2(22)(e) and not as advance in respect of sale of land, SLP filed against said order was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/37FBhIc