[aaykarbhavan] Common shareholding isn’t relevant to tax deemed dividend when recipient-co. isn’t a shareholder in lender-Co.

Common shareholding isn't relevant to tax deemed dividend when recipient-co. isn't a shareholder in lender-Co.

November 7, 2014[2014] 49 taxmann.com 256 (Bombay)/[2014] 226 Taxman 45 (Bombay)(MAG.)/[2014] 360 ITR 544 (Bombay)/[2013] 263 CTR 578 (Bombay)

IT : Loans or advances received by assessee-company from other company could not be treated as deemed dividend when assessee was not a shareholder of that company

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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