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Section 269-T Inapplicable: Repayment via Debit Entries Not Subject to Rs. 20,000 Limit for Cheque or Draft Transactions.

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Full Text of the Document

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....The repayment was made, by debit entires - The provisions of Section 269-T providing for deposits to be made over and above Rs. 20,000/- only by account payee cheque or account payee bank draft, were not attracted - HC....