Dismissing the appeal of the revenue the Court held that ; Trade advances which were in nature of commercial transactions cannot be assessed as deemed dividend
CIT v. Deepak Vegpro (P) Ltd. (2018) 406 ITR 496/ 161 DTR 170 / 300 CTR 98 (Raj)(HC)
S. 2(22)(e):Deemed dividend- Trade advances which were in nature of commercial transactions cannot be assessed as deemed dividend