INCOME TAX : Where Assessing Officer treated loan received by assessee company from another company as deemed dividend under section 2(22)(e), in view of decision in case of CIT v. T. Abdul Wahid & co., since assessee was not a shareholder in said company from it received loan, such loan amount could not be treated as deemed dividend under section 2(22)(e) in hands of assesseeINCOME TAX : Where Assessing Officer treated loan received by assessee company from another company as deemed dividend under section 2(22)(e), in view of decision in case of CIT v. T. Abdul Wahid & co., since assessee was not a shareholder in said company from it received loan, such loan amount could not be treated as deemed dividend under section 2(22)(e) in hands of assesseewww.taxmann.com Latest Case LawsRead More
