Sponsored
    Follow Us:

Case Law Details

Case Name : I.T.O Ward 29(4), Kolkata Vs Shri Piyush Jalan (ITAT Kolkata)
Related Assessment Year :  07/09/2015
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Brief of the Case

ITAT Kolkata has held in the case ITO Vs. Piyush Jalan that where lending of money is substantial part of the business of the concerned company and any advance or loan is made by it to a shareholder in the ordinary course of its business, the amount so advanced cannot be treated as deemed dividend under clause (e) of section 2(22). Substantial part of the business is lending of money is to be ascertained from the income of the lending company and also from the amount of loan given by t

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

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31