269ss & 269t
Querist : Anonymous
i) Share application money received in cash will not come with in the ambit of section 269SS.
Citation :- ITO Vs. Avadh Rubber ltd 43 SOT 309.
ii) Share application money received in cash should be treated at par with loan or deposit confirming applicability of section 269SS/269T.
Citation:- Prabhavashali Chit Fund Co Pvt Ltd Vs. CIT 49 ITD 566.
Querist : Anonymous
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