The Income Tax Appellate Tribunal (ITAT) of Delhi bench held that the transaction where received in advance in the normal course of business and which is not taken as a loan cannot be considered as Deemed Dividend. The order of the ld. CIT(A), the record of the revenue and the paper book filed. The AO, […]
The post Normal Business Advances which are not in the nature of ‘Loan’ is not Deemed Dividend: ITAT appeared first on Taxscan | Simplifying Tax Laws.
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