Specified advance treatment extended to immovable property advances, requiring aggregation with loans and deposits on repayment. Amendment expands section 269T to include specified advance in the repayment aggregation rules, requires aggregation of specified advances received by a person (in his own name or jointly) together with interest on the date of repayment, aligns provisos and clauses to capture such advances, and defines specified advance as any sum of money in the nature of an advance relating to transfer of an immovable property, whether or not the transfer takes place.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Specified advance treatment extended to immovable property advances, requiring aggregation with loans and deposits on repayment.
Amendment expands section 269T to include specified advance in the repayment aggregation rules, requires aggregation of specified advances received by a person (in his own name or jointly) together with interest on the date of repayment, aligns provisos and clauses to capture such advances, and defines specified advance as any sum of money in the nature of an advance relating to transfer of an immovable property, whether or not the transfer takes place.
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