High Court held that there was nothing to indicate in the accounts statements that the amounts advanced by P to the assessee were during the course of its business and that the Tribunal was correct in rejecting the assessee’s contention that deemed dividend under section 2(22)(e) of the Income-tax Act, 1961, for the assessment year 1998-99, had to be computed only after deducting the advances given in the earlier assessment years, on a petition for special leave to appeal to the Supreme Court dismissed. (AY.1998-99, 1999-2000)