Shareholders' Deemed Dividend Additions Deleted: Assessee Company Not Registered or Beneficial Shareholder in Lending Entities.

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....Deemed dividend u/s 2(22)(e) - two shareholders of the assessee company having 70% and 30% of shares respectively are registered shareholders of the lending companies - the assessee-company neither registered shareholder nor beneficial shareholder in its group concerns, wherein the unsecured loans or deposits was availed by assessee. - CIT(A) rightly deleted the additions - AT....