Poonawalla fincorps
Poonawalla fincorps

269ss & t

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(Querist)
03 May 2013 WHETHER CANCELLATION AND REPAYMENT OF SALES ADVANCES FROM CUSTOMERS ATTRACT 269 T CONSEQUENTLY 269 SS FOR THE ACCEPTANCE OF THIS FUNDS (IE.CANCELLED ADVANCES)?
PLS CLARIFY
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 May 2013 269T attracts. Citation :- Chaubhey Overseas Corporation Vs. CIT [2008] 303 ITR 9 (ALL).
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
14 June 2013 269T and 269SS relates to Loan taken and repaid. If you have accepted cash for trading transaction then 40A(3) applies.
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