This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Business Transactions Shouldn’t be treated as Deemed Dividend: ITAT Delhi
Case Law Details
- Case Name
- ACIT Vs Adiish Jain (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
ACIT Vs Adiish Jain (ITAT Delhi)
Introduction: The case of ACIT Vs Adiish Jain before the ITAT Delhi revolves around the contentious issue of deemed dividend under section 2(22)(e) of the Income Tax Act, 1961. The Income Tax Department sought to add a substantial amount as deemed dividend, which was later contested by the assessee.
Detailed Analysis: The crux of the matter lies in determining whether the transactions between M/s. SMW Metal Pvt. Ltd and M/s. JP Engineers qualify as deemed dividend under section 2(22)(e) of the Act. The Revenue contended that the advances made by M/s. SMW Metal ...
Author Info
