Firm which is Not a Shareholder in Pvt. Company can’t be Taxed for Deemed Dividend: ITAT - 04.04.2019

Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that a Firm, which is not a shareholder in a private company cannot be taxed for deemed dividend under Section 2(22)(e) of Income Tax Act, 1961.

Tags : ITAT Deemed Divident Firm not a shareholder

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