No deemed dividend if shareholding of a common shareholder is less than 20%

IN THE ITAT MUMBAI BENCH ‘A’

Income-tax Officer-2(1)(1)

V/s.

Anand Rathi Direct India (P.) Ltd.

IT APPEAL NO. 2556 (MUM.) OF 2010

[ASSESSMENT YEAR 2006-07]

MAY 4, 2012

ORDER

B. Ramakotaiah, Accountant Member – Thi

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