Deemed Dividend Not Applicable: Firm's Shareholding Below 10%, Despite Partners Exceeding Threshold Under Income Tax Act Section 2(22)(e.

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....Deemed dividend u/s 2(22)(e) - assessee-firm is holding less than 10 percent of shareholding, irrespective of the fact that the shareholding of the firm to whom advance had been made and the partners of the said firm have shareholding more than 10 percent of the said concern, which had advanced the amount - No Deemed dividend - AT....