Deemed Dividends u/s 2(22)(e) Deleted After Assessee Mortgages Properties to Secure Company Credit Limits.

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....Deemed dividend addition u/s 2(22)(e) - assessee had mortgaged his properties for availing credit limits by the company and dried up his resources for getting financial assistance from the banks. Therefore, he had no option except to take the loan from the assessee company or to get released the properties mortgaged to the Bank - deleted the addition made towards deemed dividend - AT....