The Asst. Commissioner of Income Tax Versus M/s. Britto Amusement Pvt. Ltd. - Income Tax - Case Laws

The Asst. Commissioner of Income Tax Versus M/s. Britto Amusement Pvt. Ltd. - Income Tax - BOMBAY HIGH COURT - HC - Loan from the company - deemed dividend - Held that - The borrower is not a shareholder of a Company known as M/s. Goa Golf Club Pvt. Ltd. (which is lender in this case) and as such the question of including the disputed amount as deemed dividend in terms of Section 2(22)(e) of the Income Tax Act, does not arise - Decided against Revenue. - 2013 (11) TMI 1369 - BOMBAY HIGH COURT - ................................... Income Tax - Case Laws