Easy Office

Sec 269ss and 69 applicable for immovable property

This query is : Resolved 

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.

23 September 2021 Yes, sec 269SS & sec 269T of IT act, has been violated...



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries