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 :
2 times
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Is any professional CA is here please reply
- Depreciation of fixed assets- coop housing society in mumbai
- Putting a heading on received mail
- Management System (IMS)
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
