No deemed dividend u/s 2(22)(e) where personal property pledged as collateral security – ITAT
November 19, 2017
Income Tax, ITAT, Judgments
No deemed dividend u/s 2(22)(e) where personal property pledged as collateral security for enabling the company to obtain loan/credit facilities from bank – ITATÂ ABCAUS Case Law Citation:ABCAUS 2123 (2017) (11) ITAT The respondent assessee was one of the directors of a Private Limited Company with substantial interest. …