deemed dividend

This query is : Resolved 

15 September 2009 If a shareholder acquires substantial interest in a concern who has already taken loan from a concern in which the same shareholder has more than 10% holding.then 2(22)(e) will be applicable?

OR
Will 2(22)(e) is applicable retrospectively? Any case laws?

15 September 2009 Will 2(22)(e) is applicable retrospectively?

Nope.



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