[aaykarbhavan] Shareholding of one partner and not cumulative holding of all partners should exceed 10% to invoke sec. 2(22)(e)

Shareholding of one partner and not cumulative holding of all partners should exceed 10% to invoke sec. 2(22)(e)

June 12, 2014[2014] 45 taxmann.com 370 (Punjab & Haryana)

IT : Where shareholding of each partners of assessee-firm as well as of assessee-firm in closely held company is less than 10 per cent, even though their cumulative shareholding is more than 10 per cent, section 2(22)(e) cannot be resorted to for treating amount advanced by company 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

Visit Your Group

• New Members 2

• Privacy • Unsubscribe • Terms of Use