Increase in prescribed amount under section 269G raises the cash transaction threshold and alters taxpayer compliance obligations. The amendment substitutes the words specifying the prescribed amount in sub-section (2) of section 269G of the Income-tax Act with a higher fixed sum, thereby changing the monetary threshold that determines the section's operative requirements; the substitution takes effect from the commencement date set by the amending statute as part of the Finance Act amendments to direct tax provisions.
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.
Increase in prescribed amount under section 269G raises the cash transaction threshold and alters taxpayer compliance obligations.
The amendment substitutes the words specifying the prescribed amount in sub-section (2) of section 269G of the Income-tax Act with a higher fixed sum, thereby changing the monetary threshold that determines the section's operative requirements; the substitution takes effect from the commencement date set by the amending statute as part of the Finance Act amendments to direct tax provisions.
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