Loans Advance given on interest not deemed dividend u/s 2(22)(e) as shareholder not derive benefit from funds of company
March 12, 2016
Income Tax, ITAT, Judgments
Loans Advance given on interest not deemed dividend u/s 2(22)(e) as shareholder not derive benefit from funds of company When the company was compensated by way of interest on loan taken, the assessee shareholder in real sense did not derive any benefit from the funds of the Company …