2012 (4) TMI 624

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....of A. R. Magnetics Pvt. Ltd. It relates to the assessment year 2006-07. 2. The respondent-assessee is a company and had received loan from another company Arcon (India) Pvt. Ltd. The respondent-assessee is not a shareholder in Arcon (India) Pvt. Ltd. The Assessing Officer, however, made an addition by invoking the provisions of deemed dividend under section 2(22)(e) of the Act on the ground that ....