Deemed dividend: Recurrent outflow of sum from co. to shareholder's firm without any parallel inflow isn't ordinary
IT : Where companies in which assessee was holding more than 10 per cent shareholding gave loans to partnership firms in which she had substantial interest but there was no corresponding transfer of funds from said firms to companies, assessee's explanation that loans were advanced in ordinary course of business was not accepted and, consequently, amount in question was to be taxed as deemed dividend
Regards
Prarthana Jalan
__._,_.___
Posted by: Prarthana Jalan <prarthanajalan@ymail.com>
receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.
To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com
No comments:
Post a Comment