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2003 (5) TMI 211 - AT - Income TaxExtract: .......ced to the shareholder. The decision does not render any assistance to the case of the Revenue. 25. For the aforesaid reasons, we uphold the conclusion of the learned CIT(A) that credit balance, in the accounts of SIPL and KIPL of Rs. 40,50,000, did not represent deemed dividend under s. 2(22)(e). The appeal of the Revenue is, therefore, dismissed.
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