Deemed dividend

megha pathak (article) (29 Points)

20 December 2013  

A private company provides loan or advance to a public company with one common shareholder in both the companies. The said shareholder holds 25% shares in the private company and 30% shares in the public company. Will the provisions of section 2(22)(e) be applicable on the shareholder? Please provide the solution with suitable reccomendation for tax planning with case laws (URGENT)