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2015 (10) TMI 1467 - AT - Income TaxDeemed dividend u/s.2(22)(e) - CIT(A) deleted the addition - Held that:- Similar issue was considered by the Tribunal in assessee's own case [2013 (9) TMI 1051 - ITAT CHENNAI] wherein held that deemed dividend under s. 2(22)(e) of the I.T. Act, 1961 can be assessed only in the hands of a shareholder of the lender company and not in the hands of any other person. Here admittedly the assessee-company was not holding any shares in the lender company at all. - Decided in favour of assessee.
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