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2010 (3) TMI 1096 - AT - Income TaxExtract: ....... the shareholder of the lending company, the amount borrowed by it cannot be assessed as the deemed dividend under Section 2(22)(e) of the Act in the hands of the assessee-company. Accordingly, we delete the addition of ₹ 50,000/- sustained by the CIT(A). 5. In result the appeal of the assessee is allowed. Order pronounced on 5th March, 2010.
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