INCOME TAX: Where petitioner had received no loan from company in which he had more than 10% shareholding, nor did amount advanced by said loan giver company to concerns in which also petitioner had substantial interest, was out of accumulated profits of loan giver company, reassessment after 4 years was to be held without due application of mind
from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194389/no-deemed-dividends-if-assessee-didn’t-receive-any-benefit-from-loan-transactions-occurred-between-investee-cos.aspx
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