S.2(22)(e):Deemed dividend-Accumulated profits do not include current years business profits since it accrues only at the end of year- Deemed dividend assessable should be reduced from the accumulated profits.
P. Satya Prasad v. ITO (2013) 141 ITD 403/155 TTJ 221 (Visakhapatnam) (Trib.
P. Satya Prasad v. ITO (2013) 141 ITD 403/155 TTJ 221 (Visakhapatnam) (Trib.
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