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2002 (8) TMI 267 - ITAT DELHI-BExtract: .......atter, we hold that the AO was justified in treating the amounts received from the aforesaid companies as loans and advances and treating the same as deemed dividend under s. 2(22)(e) of the Act. Accordingly, we reverse the order of the learned CIT(A) and confirm the addition made by the AO. 34. In the result, the Revenue rsquo s appeal is allowed.
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