ifos doubt

A nice artical By Deepak K Gujarati.............https://www.caclubindia.com/articles/deemed-dividend-section-2-22-e-of-income-tax-act-1961-6121.asp

Any payment made by a closely held company ( company in which public doesn't have substantial interest u/s2(18) ) to any concern ( firm , company etc) in which a person has a substantial interest ( 20% of voting rights ) and the same person is a beneficial owner of atleast 10% of shares in closely held company then such payments ( loan or advance ) maid by company to above mentioned concern is taxable in hands of such concern as a dividend.