Exemption for repayments to specified lenders narrows cash-transaction restriction, excluding government and notified financial institutions from coverage. The amendment inserts a proviso excluding repayment of any loan or deposit from the scope of section 269T where the repayment is made to the Government, any banking company, post office savings bank, co-operative bank, a corporation established by statute, a Government company, or any other institution, association or class of bodies that the Central Government may notify for this purpose.
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.
Exemption for repayments to specified lenders narrows cash-transaction restriction, excluding government and notified financial institutions from coverage.
The amendment inserts a proviso excluding repayment of any loan or deposit from the scope of section 269T where the repayment is made to the Government, any banking company, post office savings bank, co-operative bank, a corporation established by statute, a Government company, or any other institution, association or class of bodies that the Central Government may notify for this purpose.
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