The Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that a Firm, which is not a shareholder in a private company cannot be taxed for deemed dividend under Section 2(22)(e) of Income Tax Act, 1961. While completing assessment against the assessee, the Assessing Officer noted that one Mr. Ripple P Doshi had 33.2% holding […]
The post Firm, not a Shareholder in Pvt Company can’t be Taxed for Deemed Dividend: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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