https://www.taxtmi.com/highlights?id=62578 Addition u/s 69D - Hundies - The documents were in English and the transactions were not between three parties. They were bilateral. The transactions were on the lines of a promissory note. The documents had waived the notice of dishonor and no grace period was granted. This was also indicative of the transaction not being a hundi transaction. Section 69D was not applicable. - AT en-us Thu, 24 Mar 2022 15:22:43 +0530 Thu, 24 Mar 2022 15:22:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62578 Addition u/s 69D - Hundies - The documents were in English and the transactions were not between three parties. They were bilateral. The transactions were on the lines of a promissory note. The documents had waived the notice of dishonor and no grace period was granted. This was also indicative of the transaction not being a hundi transaction. Section 69D was not applicable. - AT Highlights Income Tax Thu, 24 Mar 2022 15:22:43 +0530 https://www.taxtmi.com/highlights?id=62578