269ST

Yes, if any debtor deposits cash in your account; but not if deposits cheque/DD etc....

HAI SIR 

PLS CHECK BANGLORE BENCH of ITAT in "SRI RENUKESWARA RICE MILLS VS. ITO(2005) " 93 ITD 263.IT HAD HELD IN THE CONTEXT OF SECTION 40A(3) HELD THAT, WHERE THE PAYMENTS ARE OTHERWISE THAN BY ACCOUNT PAYEE CHEQUE DIRECTLY IN THE BANK ACOCUNT OF PAYEE,IT MEETS WITH THE INTENTION OF THE LEGISLATURE AND NO DISALLOWANCE CAN BE MADE UNDER SECTION 40A(3).

THEREFORE DIRECT DEPOSITS IN THE BANK ACCOUNT OF THE PAYEE CAN BE REGARDED AS COMPLYING WITH SEC 269ST 

*THE ABOVE INFO MAY HELPFUL FOR YOU.

Please provide case law for section 269ST, if any..........

Intention of both the section 40A(3) [expenditure] and sec. 269ST [cash transactions, parallel economy]) differs,,,,

That may be the reason that sec. 269T is applied for cash receipt (and not payment). No higher bench would accept such contravential judgement, and thereby try to nullify the main cause of the insertation of the sec. 269ST.

SIR 

*HERE DEBOTRS INTENTION IS NOT TO PAY BY CASH KNOW.IT MEETS WITH THE INTENTION OF THE   LEGISLATURE.IN THAT ANGLE I STATED.BUT I TOO HAVE SOMANY DOUBTS REGARDING THIS.EVEN WHEN I SPOKE TO EXPERTS SOME ACCEPTED THIS AND THE REST REJECTED.

*NO CASE LAW UNDER 269ST.

*PLS FORGIVE ME IF I AM WRONG.I JUST INTERPRETATED IN THIS WAY.