Deemed dividend: Recurrent outflow of sum from co. to shareholder’s firm without any parallel inflow

IT : Where companies in which assessee was holding more than 10 per cent shareholding gave loans to partnership firms in which she had substantial interest but there was no corresponding transfer of funds from said firms to companies, assessee's explanation that loans were advanced in ordinary course of business was not accepted and, consequently, amount in question was to be taxed as deemed dividend