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Loan u/s 269SS

This query is : Resolved 
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(Querist)
26 August 2008 A depositor of the company (from whom amount has been accepted u/s 269SS) has made direct payment to a creditor of the company through a account payee cheque and the same is credited to his account as additional loan. Will this be violation of sec 269SS or not?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
26 August 2008 I think it would not.
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