Cash transfer

Kollipara Sundaraiah (B.com) (2963 Points)

21 October 2020  
Assess maintenance two business(two business same proprietor).but assess 1st business closed.1st business cash on hand balance rs:10 lacs.
question:
Assess cash transfer rs:10 lacs cash mode 1st business to 2nd business transferred single payment this transaction sec 269 st provision applicable in I.t. act.