2020 (10) TMI 1154

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..... isted by Mr.S.Rajesh Junior Standing counsel [ For Revenue ] For the Respondent : Mr.R.Vijayaraghavan for M/s.Subbaraya Aiyar Padmanabhan JUDGMENT [ Order of the Court was made by T. S. SIVAGNANAM , J. ] This appeal by the Revenue filed under Section 260 A of the Income Tax Act, 1961 ('the Act' for brevity) is directed against the order dated 07.11.2012 passed by the Income Tax Appel .....

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..... duals or a company and in the present case the shareholders are common in both the companies having substantial interest?" 2. We have heard Mr.Karthik Ranganathan, learned Senior Standing Counsel assisted by Mr.S.Rajesh, learned Junior Standing counsel for the Revenue and Mr.R.Vijayaraghavan, learned counsel for M/s.Subbaraya Aiyar Padmanabhan, learned counsel for the respondent. 3. It is not d .....

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..... as follows: "8. We had an occasion to consider an identical substantial question of law in the case of CIT Vs. M/s.T.Abdul Wahid & Co. [TCA.Nos.512 & 513 of 2018 dated 21.9.2020]. As contended before us in this appeal, an argument was made by Mr.T.Ravikumar, learned Senior Standing Counsel in the said decision that loans or advances had to be treated as dividend to the extent of accumulated pro .....

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