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Scope of 269ss and 269t

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(Querist)
17 February 2016 Whether 269SS and 269T covers advance given for purchase of plant and machinery by way of mode other than account payee cheque or abnk draft. Will those plant and machinery will be qualified to be considered as 'immovable property' for above sections
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CA Mehta Ankur N.

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CA Mehta Ankur N. (Expert)
17 February 2016 It does not cover any payment made in relation to business... Like purchase or plant & machinery etc...
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PRATEEK

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PRATEEK (Querist)
17 February 2016 What if such amount is paid for acquiring factory building in cash??
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CA Mehta Ankur N.

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CA Mehta Ankur N. (Expert)
17 February 2016 read rule 6DD for payment other than a/x payee cheque.
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CA Mehta Ankur N.

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CA Mehta Ankur N. (Expert)
17 February 2016 it was allowed, but now new rule is there which do nowt allow
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PRATEEK

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PRATEEK (Querist)
17 February 2016 Rule 6DD is exception to section 40 A (3) but my query is regarding 269SS!and 269T
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CA Mehta Ankur N.

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CA Mehta Ankur N. (Expert)
17 February 2016 Right... so for 269 ss & t as i said it does not affect... & Rule 6DD is for building purchase in cash.
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PRATEEK

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PRATEEK (Querist)
17 February 2016 I didn't get anything regarding this in rule 6DD
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