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Wednesday, 21 March 2012

Case Laws on 269SS favoring assessee

In following cases 269SS not applied having regards to facts and circumstances of the case
i)ITO vs Rajendera Trading Co.48ITD210 Chd SMC
ii)Muthoot M. George Bankers 46 ITD 10 Cochin
iii)Jay Builders 111 Taxmann 211(Mum Tri)
iv)Shree Nath Builders 111 Taxmann 142
v)Mrs Rupali R. Desai 88 ITD76 (Mum)

Loan through book Entry. 269SS/T not to apply if backed by lender and acceptance letter of receiver
- Sunflower BUilders Private Limited 61 ITD 227

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