https://www.taxtmi.com/highlights?id=2383 Applicbility of 269SS on temporary advances given by sister concerns - When it is the case of providing temporary accommodation to one sister concern to another sister concern it does not amount to transaction of loan or deposit and therefore, it is outside the purview of section 269SS of the Act. Levy of penalty is not justified.... - HC en-us Sat, 17 Dec 2011 11:50:04 +0530 Sat, 17 Dec 2011 11:50:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=2383 Applicbility of 269SS on temporary advances given by sister concerns - When it is the case of providing temporary accommodation to one sister concern to another sister concern it does not amount to transaction of loan or deposit and therefore, it is outside the purview of section 269SS of the Act. Levy of penalty is not justified.... - HC Highlights Income Tax Sat, 17 Dec 2011 11:50:04 +0530 https://www.taxtmi.com/highlights?id=2383