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Articles by Marimganti Tarun B.com,FCMA

Applicability of Section 269SS of the Income Tax Act, 1961 to Director's Current Account Transactions

Marimganti Tarun B.com,FCMA 17 December 2025 at 07:09

An expert analysis of Section 269SS explaining why cash infusions by directors into closely held companies, driven by business exigency or survival needs, are not “loans or deposits” and do not attract penalty under Section 271D, supported by key judicial precedents.