Deemed Dividends u/s 2(22)(e) of the Act Taxed only in Shareholders’ Hands: Calcutta High Court upholds ITAT Decision [Read Order]

The HC of Calcutta’s decision was based on the Supreme Court precedent that deemed dividends under Section 2(22)(e) should be taxed only in the hands of shareholders.
By Sneha Sukumaran Mullakkal - On August 12, 2024 2:11 pm - 2 mins read
Calcutta High Court - ITAT - Calcutta High Court upholds ITAT Decision - Shareholders - Taxscan

In the recent case, the High Court Of Calcutta, upholding the Income Tax Appellate Tribunal’s ( ITAT ) decision that deemed dividends under Section 2(22)(e) of the Income Tax Act,1961 can only be taxed in the hands of shareholders. The court found no new evidence or arguments to overturn this established interpretation. Apeejay Pvt Ltd.,…

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