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2016 (10) TMI 933 - HC - Income TaxDeemed dividend addition u/s 2(22) - nature of substantial part of the business - Held that:- Where the substantial part of the business is of a financial nature, the exception clause (ii) of Section 2(22) (e) of the Act would apply. See Ravi Agarwal Versus Assistant Commissioner of Income Tax, Circle-II, Bareilly [2015 (10) TMI 755 - ALLAHABAD HIGH COURT ] - Decided in favour of assessee
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