March 2011

Section 149

Gujarat H.C : Where during original assessment proceedings, assessee did not disclose that it was holding more than ten per cent of shareholding of company ‘SBL’ which had advanced certain amount to it, Assessing Officer was justified in reopening assessment beyond period of four years to tax said amount as deemed dividend under section 2(22)(e)

High Court Of Gujarat Dishman Pharmaceuticals & Chemicals Ltd. vs. DCIT (OSD) (No. 1) Assessment Year : 2003-2004 Section :

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