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2016 (3) TMI 1057 - AT - Income TaxDeemed dividend addition u/s 2(22)(e) - assessment under Section 153A - Held that:- Revenue has not placed any material on record to demonstrate that incriminating material with respect to deemed dividend (which has been added in the impugned assessment) was found during the course of search at the premises of the assessee. In such a situation, we are of the view that no addition u/s. 2(22)(e) of the Act could have been made in the present case. We, therefore, direct the deletion of addition. - Decided in favour of assessee
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