Applicbility of 269SS on temporary advances given by sister ...

Income Tax

December 17, 2011

Applicbility of 269SS on temporary advances given by sister concerns - When it is the case of providing temporary accommodation to one sister concern to another sister concern it does not amount to transaction of loan or deposit and therefore, it is outside the purview of section 269SS of the Act. Levy of penalty is not justified.... - HC

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Applicbility of 269SS on temporary advances given by sister ...

Income Tax

December 17, 2011

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