No deemed dividend if assessee didn’t get benefit from loans advanced to Co. in which he was substantially interested

INCOME TAX : Where company in which assessee was registered shareholder, advanced loans and advances to other companies in which assessee was holding substantial interest, however, assessee did not get benefit out of such loans and advances, provisions of section 2(22)(e) will not be attracted

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000198219/no-deemed-dividend-if-assessee-didn’t-get-benefit-from-loans-advanced-to-co-in-which-he-was-substantially-interested.aspx