269SS /T
Querist : Anonymous
whether shareapplication money received by a company convered under 269ss/t. If yes. pls. clarify and consequences of taken/ and repayment in cash more than 20000/- .
Citation :- CIT V Rugmini Ram Raghav Spinners (P) Ltd (2008) 220 CTR (Mad) 520.
However, Delhi and Jaipur bench of the tribunal took a just opposite view.
Querist : Anonymous
sir, also payment in excess of Rs. 20000/- not attract sec. 269T.
PLS.
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