Delhi HC Applies Mischief Rule!

By: Daksha Baxi, Khaitan & Co

October 10, 2011 / 21:32 IST

By Daksha Baxi, ED- Direct Taxation, Khaitan & Co

In a recent decision in case of National Travel Services, the Delhi High Court has ruled that a loan given to a partnership by a company, whose partners are the shareholders of the said company, is indeed deemed dividend under section 2(22)(e) of the Income Tax Act, 1961 (

first published: Oct 10, 2011 05:09 pm

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