Applicability of sec 269ss for rental advance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2013
one of my client has accepted the renal advance in cash, will the provisions of sec 269 will apply or not? if not pl provide the answer with recent case laws and oblige
Regards
Regards
02 March 2013
269 SS will not apply. Please refer ITAT Chennai's decision in https://www.indiankanoon.org/doc/81149070/
Message likes :
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Querist : Anonymous
Querist :
Anonymous
(Querist)
02 March 2013
Thank your very much sir, for your reply, sir,I am giving a reply to the ITO, citing the above case law, and mentioning the circumstances under which the assessee was compel to accept the rental dep. in cash, but still if can disallow and add the amount and initiate the penalty?
It will be useful if you give the fitting reply
It will be useful if you give the fitting reply
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