Deemed Dividend u/s 2(22)(e) in Hands of Firm Even if it is Not Registered Shareholder of Lender !

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Section 2(22)(e )  of the Income Tax Act brings to tax as deemed dividend to certain payments made by a company  by way of advance or loan to a shareholder or  to payment to concerns in which shareholder holds substantial interest or any payment on behalf of a shareholder or  for the individual benefit of…