AO held that proprietary concern of assessee had received a loan from Kumar urban development corporation Ltd.  in which assessee was having substantial interest hence added as deemed dividend. Tribunal held that in balance sheet of Kumar urban development corporation Ltd.  amount was not shown as loan to assessee. Accordingly when no loan or advance had been given to assessee, then section 2(22)(e) could not be triggered. Accordingly the  addition was deleted. (AY. 2012-13)