Madras HC affirms Deemed Dividend to be assessed in the hands of the Shareholder and not in the hands of the Firm [Read Judgment]

The Madras High Court while upholding the order passed by the Tribunal held that the deemed dividend under Section 2(22) (e) is to be assessed in the hands of the shareholder and not in the hands of the firm. The assessee, M/s T.Abdul Wahid & Co. filed the return of income admitting the total income […]

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