Section 2(22)(e) Deemed Dividends Taxed Only in Shareholders’ Hands: Calcutta HC

PCIT Vs Apeejay Pvt Ltd (Calcutta High Court)

In the case of PCIT vs. Apeejay Pvt Ltd, the Calcutta High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) regarding the taxation of deemed dividends under Section 2(22)(e) of the Income Tax Act, 1961. The revenue appealed against the ITAT’s ruling that such deeme

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