PCIT v. Govind Promoters (P.) Ltd. (2022) 289 Taxman 42 (Cal.)(HC)

S. 2(22)(e) : Deemed dividend-Unsecured loan from group company-Paid back with interest in same year-Deletion of addition is valid. [S. 260A]

Held that on facts the Tribunal is justified in holding that  deemed dividend provision would not be applicable where assessee availed unsecured loan from its group company which was paid back with interest in same year (AY. 2012-13, 2013-14, 2014-15)