Deemed Dividend Rules u/s 2(22)(e) Apply to Loans with Short Retention Period; Assessee's Argument Lacks Evidence.

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....Deemed dividend addition u/s (2)(22)(e) - loans or advances - ‘low’ retention period - the provision in no manner seeking to impinge on genuine business transactions - The assessee’s argument, which is even otherwise not backed by any material and only in the nature of a bald statement, is therefore without merit.....