https://www.taxtmi.com/article/detailed?id=7385 Section 269ST prohibits receipt of cash above a specified threshold except by account payee cheque, bank draft or electronic clearing, with exclusions for government and specified banking entities; section 271DA levies a penalty equal to the amount received for contravention subject to proof of good and sufficient reasons and imposition by the Joint Commissioner. The author critiques the recipient only liability, the low monetary threshold, and the legislative presumption linking cash transactions to black money, urging extension of responsibility to payers and intermediaries and reconsideration of proportionality. en-us Mon, 24 Apr 2017 06:55:13 +0530 Mon, 24 Apr 2017 06:55:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7385 Section 269ST prohibits receipt of cash above a specified threshold except by account payee cheque, bank draft or electronic clearing, with exclusions for government and specified banking entities; section 271DA levies a penalty equal to the amount received for contravention subject to proof of good and sufficient reasons and imposition by the Joint Commissioner. The author critiques the recipient only liability, the low monetary threshold, and the legislative presumption linking cash transactions to black money, urging extension of responsibility to payers and intermediaries and reconsideration of proportionality. Articles Income Tax Mon, 24 Apr 2017 06:55:13 +0530 https://www.taxtmi.com/article/detailed?id=7385