https://www.taxtmi.com/circulars?id=4973 Ordinary sale proceeds of agricultural commodities kept by a commission agent (Kachcha Arhatiya) are not treated as a deposit by the agriculturist and their repayment is not covered by section 269T; however, if the commission agent retains the amount pursuant to a direction from the agriculturist, the retained sum assumes the character of a deposit and repayment will be subject to section 269T's account-payee cheque/bank-draft requirement. en-us Fri, 23 Feb 1990 00:00:00 +0530 Fri, 08 Aug 2008 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4973 Ordinary sale proceeds of agricultural commodities kept by a commission agent (Kachcha Arhatiya) are not treated as a deposit by the agriculturist and their repayment is not covered by section 269T; however, if the commission agent retains the amount pursuant to a direction from the agriculturist, the retained sum assumes the character of a deposit and repayment will be subject to section 269T's account-payee cheque/bank-draft requirement. Circulars Income Tax Fri, 23 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4973