Bom. HC: Advance to Shareholder Not Used for Company’s Business Will be Treated as Deemed Dividend - 18.08.2025

Bombay HC has ruled that advances given by a company to a shareholder, if not proven to be used for the company’s business, will be treated as deemed dividends under Section 2(22)(e) of the Income Tax Act, 1961.

Tags : Bombay High Court Income Tax Act Section 2(22)(e) Deemed Dividend Shareholder Advance

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