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Funds Movement Not Deemed Dividend u/s 2(22)(e) of Income Tax Act Due to Accommodation Account Status.
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....Deemed dividend u/s. 2(22)(e) - The account appeared to be in the nature of current adjustment accommodation account where there is movement of funds in both ways on need basis - the sum of can also not be regarded as deemed dividend u/s. 2(22)(e)....
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