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2019 (2) TMI 1443 - HC - Income TaxDeemed dividend u/s 2(22)(e) - payments made by the company M/s.Ceebros Property Development Private Limited to M/s.Ceebros Hotels P. Ltd. - HELD THAT:- Concurrent finding of CIT(A) & Tribunal is to the effect that no benefit has accrued to the assessee, the credit is the result of a business transaction and is neither in the nature of a loan or a deposit. . Since the assessment of the husband, who is similarly situated as the respondent/assessee, wife in the present case before us, has already been decided in favour of the assessee by the Co-ordinate Bench of this Court (2016 (12) TMI 1289 - MADRAS HIGH COURT), we do not find any merit in the contention of the learned counsel for the Revenue before us. The appeal of the Revenue, therefore, deserves to be dismissed, following the aforesaid judgment of the Co-ordinate Bench. - Decided against revenue
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