Loan / advances received by HUF could be treated as deemed dividend

The appellant/assessee, in the instant appeal, has raised following question of law for determination:

“Whether in view of the settled principle that HUF cannot be a registered shareholder in a company and hence could not have been both registered and beneficial shareholder, loan/advances received by HUF could be Please become a Premium member. If you are already a Premium member, login here to access the full content.