deemed dividend section 2(22)(e)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2011
Assesse is Pvt. Ltd. whether advance paid for supply of material to substancial interested person(sister company) covered unders section 2(22)(e), deemed dividend? kindly forward case laws in assessee favour if any.... or guide me where to search for case laws?
CA ASHISH GUPTA
(Expert)
05 January 2011
No, but there shall be actual supply of material thereafter instead of repayment.
CIT vs. Rajkumar (2009) 181 taxman 155 (Del)
In my personal view, please not enter in this type of transaction. There will be certainly a litigation.
CIT vs. Rajkumar (2009) 181 taxman 155 (Del)
In my personal view, please not enter in this type of transaction. There will be certainly a litigation.
Manmohan ACA, CS
(Expert)
05 January 2011
agree
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