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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

Section 269SS did not prohibit taking of loan in cash from ...


Section 269SS Allows Cash Loans from Political Parties, Prescribes Alternatives for Certain Transactions.

October 30, 2012

Case Laws     Income Tax     AT

Section 269SS did not prohibit taking of loan in cash from political party or otherwise. It simply provides mode of taking or accepting certain loans and deposits instead of cash. - AT

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