Amount given for Purchasing Shareholding cannot be treated as ‘Deemed Dividend’: ITAT [Read Order]

Amount - Purchasing Shareholding - Deemed Dividend - ITAT - Deemed Dividend- Taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the amount given for the purchase of shareholding cannot be treated as a deemed dividend for the purpose of section 2(22)(e) of the Income Tax Act, 1961. The assessee filed their income tax return declaring ‘NIL” income. The case was selected for scrutiny under…

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