Legal fiction created u/s 2 (22) (e) of Income Tax Act not to be extended further for broadening concept of shareholders: ITAT [Read Order]

Legal fiction created under Section 2 (22) (e) of Income Tax Act, 1961, not to be extended further for broadening concept of shareholders, rules, ITAT
ITAT Delhi - Income tax - tax news - taxscan

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that legal fiction created under Section 2 (22)(e) of Income Tax Act, 1961, not to be extended further for broadening concept of shareholders Briefly stated the facts of the case are that the return of income filed on 27.10.2015 was selected for scrutiny…

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