Provisions of ‘Deemed Dividend’ would attract all the Profits up to the date of Payment Irrespective of AY: ITAT [Read Order]

Deemed Dividend - Profits - Payment - AY - ITAT - taxscan

The Mumbai Bench of Income Tax Appellate Tribunal has held that provisions of ‘Deemed Dividend’ would attract all the profits up to the date of payment irrespective of assessment year. The assessee, Sanjay Subhashchand Gupta is an individual and was carrying out the sub- broking activity in share and security market along with the investment…

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