Heavy cash transaction - vv urgent

ITR 744 views 3 replies

Dear All,

I have a small query regarding 269ss transaciton. My query is a person claimed by given affidavit in the court that he had given Rs. 9.5lac to his uncle on returnable basis in Financial year 2006-07. Their is transaction mode is not mention in the affidavit. However the supporting document in the court not contain any details of cash,cheque or DD transaction. Pls elaborate will this particular transaction incident will come under the ambit of 269SS.

Thanks,

Replies (3)

Yes, It will be included in 269ss.

Cash or Bank, but will be consider in 269ss.

Dear Sir,

Thanks for your quick response. I am going through the 269ss ingredients. Just want to add that person not mention word like "loan or deposit" in his affidavit still it come under 269ss. Pls confirm.

Read Wid Sec 269ss , U will get clarity.


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