Tag: under section 2(22)(e) of the Act. We note that cross objection no. 1 and ground no. 1 raised by the revenue inITA No. 1265/Kol/2018 are identical.

Deemed dividend under section 2(22)(e): Receipt of advance vis-a-vis no accumulated profit in case of lending company Short Overview  Since accumulated loss in case of company having made advance to assessee-company was in negative, amount received as advance could not ...