Tag: deemed dividend 2(22)(e)

CBDT  has recently issued Computer Aided Scrutiny Selection (CASS) Instruction No. 3 dated 16/09/2016. regarding Income Tax Business Application (ITBA)-Assessment Module-CASS Cycle-3. The main highlights of the CBDT CASS instructions No. 3 are as under: Limited and Complete ScrutinyAs per the Instruction, this year in CASS, two types …

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 …