Sir
In an partnership firm can we give cash advance to partner (Not an drawings) this amount is refundable. Any objection in IT rule?
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Cash Advance to Partner
Replies (2)
Sec 269SS not applicable -
Case Name : CIT Vs M/s Muthoot Financiers (Delhi High Court)
Appeal Number : ITA 336/2002
Date of Judgement/Order : 03/02/2015
Related Assessment Year :
Courts : All High Courts (4405) Delhi High Court (1316)
Agree with Ms Nivedita.
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