MEWDS (Multiple Evanescent White Dot Syndrome) is a rare, unilateral, self-limiting inflammatory disease that afflicts young women more than men in a 4:1 ratio. Despite the lack of treatment, the prognosis is excellent. Our patient is the typical age and gender.
To qualify for sale or exchange treatment, a stock redemption generally must result in a substantial reduction in a shareholderâs ownership interest in the corporation.In the absence of this reduction in ownership interest, the redemption proceeds are taxed as dividend income. The former shareholder has no interest, other than that of a creditor, in the corporation for at least 10 years after the redemption (including an interest as an officer, director, or employee).
Limited. 1. (the taxpayer) held that transmission and. wheeling charges paid by power trading companies are. not ârentâ under Section 194I of the Incometax Act, - -. 1961 (the Act) and therefore the taxpayer was not. liable to deduct tax at source.urther the taxpayer also paid transmission/wheeling charges to PGCIL and other transmission companies. â¢ The Assessing Officer (AO) observed that wheeling charges were levied by the transmission utilities for the use of their network and therefore tax was to be deducted at source under section 194-I of the Act.