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Deemed Dividends: Payments Not Loans/Advances u/s 2(22)(e) Are Not Erroneous Based on Case Law.
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....Deemed dividend u/s 2(22)(e) - if the payment cannot be termed as loan or advance to the shareholder, then, even such a view cannot be termed in the given facts and circumstances and without anything more as perverse or vitiated by error of law apparent on the face of the record - HC....