[aaykarbhavan] No deemed dividend on receipt of loan if assessee wasn’t a shareholder in payer-co.

No deemed dividend on receipt of loan if assessee wasn't a shareholder in payer-co.

June 5, 2014[2014] 45 taxmann.com 253 (Delhi)

IT : Loan granted to assessee-company, which was neither a shareholder nor a member of payer company, could not be treated as deemed dividend in hands of assessee

 

Regards

Prarthana Jalan

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

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