22 results for “reassessment”+ Deemed Dividendclear
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In the result, appeal filed by the assessee stands allowed
Bench: Shri Inturi Rama Rao, Am & Sonjoy Sarma, Jm
deemed dividend and taxed the same to the extent of accumulated profit available in hands of the lender companies. However, the addition was made under the protective basis as the substantive addition was made in the case of firm - N.K. Mohhammed Ali and Brothers. 7. Being aggrieved, an appeal was filed before the CIT(A) contending that the reassessment