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1981 (4) TMI 114 - AT - Income TaxExtract: .......rporation and the loan given by the latter to a concern belonging to the assessee and the amounts are also not identical. Under the circumstances, we agree with the Commissioner (Appeals) that the sum of Rs. 70,000 could not be treated as deemed dividend under section 2(22)(e). Hence, we uphold his order. 11. In the result, the appeal is dismissed.
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