370 ITR 720 (Allahabad) 9. Star Chemical (P.) Ltd. v. CIT

12 Taxmann.com 496High Court2011#5614 most cited

What is 370 ITR 720 (Allahabad) 9. Star Chemical (P.) Ltd. v. CIT authority for?

When lending money is not the business of a company, loans or advances given to an assessee-shareholder are treated as deemed dividends under section 2(22)(e) of the Income-tax Act. The provisions of section 2(22)(e) apply to a company that has taken a loan from its subsidiary.

21

judgments rely on this decision, according to BharatTax’s citation analysis of 366,005 Indian tax judgments — from 2017 to 2025.

Also referred to as

Star Chemical (P.) Ltd. v. CIT · section 2(22)(e) · deemed dividend · loan to shareholder · company loan from subsidiary · lending business · Allahabad High Court · Bombay High Court · 370 ITR 720 · 12 Taxmann.com 496 · 203 ITR 11 · 72 Taxmann 279 · 114 CTR 185

Also reported as

203 ITR 1172 Taxmann 279114 CTR 185

Sections most often in play

Section 143(3)Section 147Section 148Section 36(1)(vii)Section 36(2)Section 37Section 56(2)(viib)Section 68

Issues it is cited on

section 36(2)(i)section 36(2)section 56(2)(viib)valuation of sharessection 36(1)(vii)section 36(1)section 36section 37notice under section 148section 68previous yearsection 11

Judgments citing 370 ITR 720 (Allahabad) 9. Star Chemical (P.) Ltd. v. CIT

D. P. Vora Securities Pvt. Ltd., Mumbai vs. DCIT - 4(1)(1), Mumbai

In the result, the appeal of the assessee is allowed

ITA 5961/MUM/2016[2013-14]Status: DisposedITAT Mumbai24 Apr 2017AY 2013-14

Bench: Shri D.T.Garasia, Jm & Shri Rajesh Kumar, Am

For Appellant: Shri K Gopal and Shri Jitendra Singh
Section 143(1)Section 2(22)Section 2(22)(e)

…आयकर अपीऱीय अधिकरण, म ुंबई न्यायपीठ “डी”, म ुंबई IN THE INCOME TAX APPELLATE TRIBUNAL BENCH “D” MUMBAI BEFORE SHRI D.T.GARASIA, JM AND SHRI RAJESH KUMAR, AM I.T.A. No.5961/Mum/2016 (निर्धारण वर्ा / Assessment Year : 2013-14) D P Vora Securities Pvt Ltd., Dy. Commissioner of Income 21/22/B, 1st floor, Tax-4(1)(1), बनाम/ Khatau Building, Aayakar Bhavan, Vs. A D Mody Marg, Fort, M K Road, Mumbai-400023 Mumbai-400020. स्थायी ऱेखा सं./ PAN : AACCD1947L (अपीऱाथी /Appellant) (प्रत्यथी / Respondent) : अपीऱाथी की ओर से / Appellant by : Shri K Gopal and Shri Jitendra Singh प्रत्यथी की ओर से/ Assessee by : Shri Purushottam…