For Deemed Dividend, accumulated profits do not include current year’s business profit, since it accrues only at end of year

ITAT VISAKHAPATNAM BENCH

P. Satya Prasad

versus

Income-tax Officer, Ward-3(2), Visakhapatnam

IT Appeal No. 293 (Vizag.) of 2012
[ASSESSMENT YEAR 2007-08]

NOVEMBER 16, 2012

ORDER

B.

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