[aaykarbhavan] Share application money couldn't be treated as loan/deposits to trigger provisions of deemed dividend

 

Share application money couldn't be treated as loan/deposits to trigger provisions of deemed dividend

November 14, 2014[2014] 49 taxmann.com 389 (Delhi)/[2014] 361 ITR 297 (Delhi)

IT : Merely because shares were issued belatedly in subsequent year, share application money cannot be treated as loan or deposits or advance for invoking provisions of section 2(22)(e)

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

• Privacy • Unsubscribe • Terms of Use