All payments by way of deemed dividend taxable in the hands of the recipient of the dividend namely the shareholder

CASE LAWS DETAILS

DECIDED BY: HIGH COURT OF BOMBAY,

IN THE CASE OF: CIT Vs. Universal Medicare Pvt. Ltd., APPEAL NO: ITA No. 2264 of 2009, DECIDED ON: March 22, 2010.

RELEVANT PARAGRAPH

8. Clause (e) of Section 2(22) is not artistically worded. For facility

Please become a Premium member. If you are already a Premium member, login here to access the full content.