In a recent order of the Income Tax Appellate Tribunal, Cuttack held that the transaction between the relatives of family members for giving support and help does not amount to loan or deposit under section 269SS of the Income Tax Act. The dispute arose during the assessment processes under the Income Tax Act. The accessing […]
The post Transaction between Family Members for Bonafide Purpose not Loan or Deposit under section 269SS: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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