<h1>Supreme Court Mandates Reporting of Cash Transactions Over Rs 2 Lakh to Combat Black Money and Promote Digital Economy</h1> A Supreme Court bench issued directives regarding the implementation of the Finance Act 2017 cash transaction limit of Rs 2 lakh. The court emphasized enforcing the law to curb black money and promote digital transactions. It mandated that courts and sub-registrars must inform income tax authorities about cash transactions exceeding Rs 2 lakh, enabling appropriate legal actions and potential penalties. The bench highlighted the importance of compliance and digital economy transformation.