Treatment of Share Application money as loans & Advances(269SS) ...

Share application money isn't a loan or deposit u/s 269SS; no penalties u/s 271D apply.

January 17, 2012

Case Laws Income Tax HC

Treatment of Share Application money as loans & Advances(269SS) - Penalty under 271D - Share application monies received by a company, pending allotment of shares, do not amount to loan or deposit..... - HC

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Treatment of Share Application money as loans & Advances(269SS) ...

Share application money isn't a loan or deposit u/s 269SS; no penalties u/s 271D apply.

January 17, 2012

Case Laws Income Tax HC

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