Rent paid as Ordinary Business Transaction can’t be treated as Deemed Dividend: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the payment of rent as an ordinary business transaction cannot be treated as deemed dividend under the provisions of section 2(22)(e) of the Income Tax Act, 1961. The assessee has let-out a joint property to the tenant company and has […]

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