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2015 (2) TMI 1233 - HC - Income TaxAddition on deemed dividend - Held that:- This question has been answered against the revenue “Commissioner of Income Tax-I, Ludhiana versus Amrik Singh,Prop.M/s Nexo Products(India) Ludhiana” [2015 (2) TMI 731 - PUNJAB AND HARYANA HIGH COURT] as held that as the assessee has proved business expediency the advance is not covered by Section 2(22)(e) of the Act. - Decided in favour of assessee.
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