No Deemed Dividend If Assessee was not a Shareholder at the Time of Advance: ITAT [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that deemed dividend cannot be applied when the assessee was not a shareholder at the time of the advance. Assessee is a partnership firm started to be engaged in the business of cotton ginning, pressing and manufacturing. During the course of assessment proceedings, […]

The post No Deemed Dividend If Assessee was not a Shareholder at the Time of Advance: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2yWPdPd