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2011 (9) TMI 752 - HC - Income TaxDeemed dividend u/s 2(22(e) - while rejected the revenue's appeal, HC held that:- Even if the shareholders are common of two companies but the fact remains that the assessee is a separate juristic entity. The assessee is assessed to income tax separately than its shareholders. The loan has been advanced to a company who is not a shareholder of M/s Ankur Agro Pvt. Ltd. - Revenue appeal dismissed.
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