Cash transaction threshold raised; exemption for loans between parties with only agricultural income and no taxable income applies. Amendment raises the cash transaction threshold in the provision governing loans and deposits and adds a proviso exempting transactions where both parties have only agricultural income and neither has income chargeable to tax under the Act, thereby creating an agricultural income exemption to the cash restriction.
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Provisions expressly mentioned in the judgment/order text.
Cash transaction threshold raised; exemption for loans between parties with only agricultural income and no taxable income applies.
Amendment raises the cash transaction threshold in the provision governing loans and deposits and adds a proviso exempting transactions where both parties have only agricultural income and neither has income chargeable to tax under the Act, thereby creating an agricultural income exemption to the cash restriction.
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