Loan on Interest from Sister Concern to fulfill the enhanced requirement of Working Capital for Export orders does amount to ‘Deemed Dividend’: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that loan on interest received from the sister concern to fulfill the enhanced requirement of working capital for export orders does not attract the provisions of deemed dividend under section 2(22)(e) of the Income Tax Act, 1961. The assessee received the […]
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