269ss/t

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Does sec269SS/T applicable in case of Holding and Subsidiary company?i.e If a company "X" holds 98% shares in another company "Y" ,(Here in after referred as Subsidiary company),Then Can "Y" accept a fresh loan of rs 2000000(2Lakhs)in CASH from company "X" ?Plead an early reply! Thanks in advance

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In my view, sections 269SS/T are applicable in case of Holding and Subsidiary companies.

 


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