Restriction on cash receipts requires specified electronic or cheque modes for large receipts to ensure traceability. Section 269ST bars a recipient from accepting amounts at or above the statutory threshold except by account payee cheque, account payee bank draft, electronic clearing system through a bank account, or other electronic modes prescribed by rule, thereby directing significant receipts into traceable banking or electronic channels.
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Provisions expressly mentioned in the judgment/order text.
Restriction on cash receipts requires specified electronic or cheque modes for large receipts to ensure traceability.
Section 269ST bars a recipient from accepting amounts at or above the statutory threshold except by account payee cheque, account payee bank draft, electronic clearing system through a bank account, or other electronic modes prescribed by rule, thereby directing significant receipts into traceable banking or electronic channels.
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