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In the result, the appeal filed by the Assessee is allowed for statistical purpose
Bench: Shri T.R. Senthil Kumar (Judicial Member), Shri Makarand Vasant Mahadeokar (Accountant Member)
deemed dividend and also objected to the reopening of assessment. The assessing officer considered the submission however made addition of Rs.56,09,015/- under section 2(22)(e) of the Act and demanded tax thereon. 4. Aggrieved against the reassessment