Decision on 2(22)(e)
Last updated: 25 June 2009
Court :
Mumbai ITAT
Brief :
Deemed dividend can be assessed only in hands of a person who is a shareholder of lender company.
If a person is a registered shareholder but not beneficial shareholder then provisions of section 2(22)(e) would not apply and similarly if a person is a beneficial shareholder but not a registered shareholder then also provisions of section 2(22)(e) would not apply.
Citation :
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Sanjeev Jain
Published in Income Tax
Views : 4157
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