269 ss tax implication

shalini (CA) (525 Points)

05 July 2019  

Hi,

If a payee withdraws the cash through some instrument from payor's account, will it attract 269 SS? Payor gave him some instrument (bearer cheque or DD) and payee got cash from the bank. Payee name is mentioned in the bank statement of payor  like this-  SAK/CASH WDL//name of the payee.

Can somebody help me in this?

Thanks.