Advancement of Loan in Ordinary Course of Business, Provisions of Deemed Dividend not applicable: ITAT upholds Order of CIT(A) [Read Order]

Advancement of loan - ordinary course of business - Provisions of Deemed Dividend - Deemed Dividend - ITAT - CIT(A) - Taxscan

Provisions of the Deemed dividend not applicable on the advancement of the loan in the ordinary course of business, the Pune Bench of the Income Tax Appellate Tribunal (ITAT) upheld the order pf CIT(A). The revenue appealed against the order of Commissioner of Income Tax (Appeals)-5, Pune [‘CIT(A)’] dated 31.03.2017 for the assessment year 2007-08.  …

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader