Co. eligible to claim dep. amp; other exp. incurred on car even if it was purchased in name of director: ITAT

INCOME TAX : Where assessee company was not a shareholder in company from which it had received loan, such loan amount could not be treated as deemed dividend under section 2(22)(e) in hands of assessee merely because there were common shareholders in payer and payee companyINCOME TAX : Where assessee company was not a shareholder in company from which it had received loan, such loan amount could not be treated as deemed dividend under section 2(22)(e) in hands of assessee merely because there were common shareholders in payer and payee companywww.taxmann.com Latest Case LawsRead More

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