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| The Tax Publishers2019 TaxPub(DT) 8385 (Mum-Trib) INCOME TAX ACT, 1961
Section 2(22)(e)
Where assessee having received inter-company deposits claimed to be neither a registered shareholder nor beneficial shareholder was lender company matter regarding taxation of amount received as deemed dividend under section 2(22)(e) was remanded back to AO to consider the same afresh.
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Dividend - Deemed dividend under section 2(22)(e) - Receipt of inter-company deposit - Assessee pleading to be neither a registered shareholder nor beneficial shareholder in lender company--Details regarding shareholding pattern not available
Assessee-company received inter-company deposits. AO taxed the same as deemed dividend under section 2(22)(e). Assessee's case was that assessee was neither a registered shareholder nor beneficial shareholder was lender company.Held: As necessary details about shareholding patterns were not available matter was remanded back to AO to consider the same afresh.
REFERRED :
FAVOUR : Matter remanded.
A.Y. : 2010-11
INCOME TAX ACT, 1961
Section 92C
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