Court Upholds Additions for Deemed Dividends u/s 2(22)(e) of Income Tax Act; Assessee's Claims Rejected.

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....Deemed dividends u/s. 2(22)(e) - loans and advances - The assessee blows hot and cold in the same breath. On the one hand it is claiming the impugned amount as share application money and when this story is demolished, it is taking an alternative plea on Inter-Corporate Deposits (ICD) - Additions confirmed - AT....