Section 69D Disallowance Inapplicable: Documents Not Hundis but Bilateral, Not Tripartite, Exempt from Tax Disallowance.

Addition u/s 69D - Hundies v/s bills of exchange - documents recovered all bilateral and not tripartite - Section 69D applies to hundi alone and not to bills of exchange. Hence, the disallowance u/s. 69D is unsustainable. .....

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