Sec 269ss and 69 applicable for immovable property
This query is : Resolved
Kollipara Sundaraiah
(Querist)
23 September 2021
Sir,
It assess purchase of immovable property value rs:25 lacs
1.rs:20 lacs loan from bank
2.rs:4 lacs Repayment of loan in cash earlier give to mr .B
3.rs:1acs loan taken in cash from mr .C
Question:
Assess above transactions violation of sec 269 ss and 69 (un explaining income) applicable in it act.
It assess purchase of immovable property value rs:25 lacs
1.rs:20 lacs loan from bank
2.rs:4 lacs Repayment of loan in cash earlier give to mr .B
3.rs:1acs loan taken in cash from mr .C
Question:
Assess above transactions violation of sec 269 ss and 69 (un explaining income) applicable in it act.
Dhirajlal Rambhia
(Expert)
23 September 2021
Yes, sec 269SS & sec 269T of IT act, has been violated...
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