Property purchase amount through on assessee bank

This query is : Resolved 

02 March 2022 Sir,
It assessee amount rs:25 lacs from friend through on bank account received after rs:25 lacs amount pay cheque to friend.friend rs:25 lacs amount purchase of property purpose used.
Question:
Assessess rs:25 lacs receipts and payments to friend transaction treatment in books and accepted in it act.

02 March 2022 Treat the money received from friend as Loan and create records to that extent.



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