Section 2(22)(e) of Income Tax Act: Deemed Dividends Apply to Loans Between Companies with Shared Substantial Shareholder Interests.

Deemed dividend u/s2(22)(e) - It does not provide that any shareholder in the assessee-Company who had taken any loan or advance from another Company in which such shareholder is also a shareholder having substantial interest, Section 2(22)(e) may be applicable. - HC .....

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