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2018 (9) TMI 278 - ITAT BANGALOREDeemed dividend by invoking the provisions of section 2(22)(e) - accumulated profits - Held that:- A categorical finding has been given by CIT(A) that the conditions laid down in section 2(22)(e) of IT Act to treat the amount of loan given by a company M/s. Favorich Mark Pvt. Ltd. to the assessee as deemed dividend are satisfied. In view of this factual position, we find no reason to interfere in the order of CIT(A).- Decided against assessee.
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