Search Results for Tag : cash

Top Story

Government bans cash transactions above Rs. 3 Lacs w.e.f. 1st April 2017(01.02.2017)

The Union Government in its the budget for the Year 2017-2018 has yet again cracked the whip on black money by declaring that all cash transactions ov.....

Tags : Cash transaction, Limit

Government bans cash transactions above Rs. 3 Lacs w.e.f. 1st April 2017(01.02.2017)

The Union Government in its the budget for the Year 2017-2018 has yet again cracked the whip on black money by declaring that all cash transactions ov.....

Tags : Cash transaction, Limit

Notifications & Circulars

Government of India makes systematic progress towards cash transfers of food subsidy, Shri Ram Vilas Paswan launches handbook to guide States in implementation of cash transfers of food subsidy(31.05.2018)

Shri Ram Vilas Paswan, the Union Minister of Consumer Affairs, Food and Public Distribution launched the 'Handbook for Implementation of Cash Transfer.....

Tags : Cash transfers, Food subsidy, Progress

Discontinuation of acceptance of cash by Stock Brokers(12.07.2018)

1. Please refer to SEBI circular SEBI/MRD/SE/Cir- 33/2003/27/08 dated August 27, 2003, regarding Mode of Payment and Delivery.

2. Government.....

Tags : Acceptance, Cash, Stock Brokers, Discontinuation

Judgments

Beneficiary is entitled to realize a Bank Guarantee in terms thereof irrespective of any pending dispute relating to the terms of the contract(20.12.2019)

In the 'Corporate Insolvency Resolution Process' of Vishwa Infrastructures and Services Private Limited, the Appellant - 'Thermax Limited' (Operationa.....

Tags : Bank Guarantee, Encashment

Income Tax Department introduces a new utility for banks, post offices to check TDS rate on high value cash withdrawals(12.07.2020)

The Income Tax Department has facilitated a new functionality for Banks and Post offices through which they can ascertain the TDS applicability rates .....

Tags : TDS rate, Cash withdrawal, Applicability

Invocation of a bank guarantee cannot be injuncted merely on ground that disputes are pending between the parties(08.02.2021)

The Petitioner has filed the present petition under Section 9 of the Arbitration and Conciliation Act, 1996 ( A&C Act), praying that direction be issu.....

Tags : Bank guarantee, Encashment, Injunction

Revised guidelines for liquidity enhancement scheme in the equity cash and equity derivatives segments(01.09.2021)

1. SEBI vide circular CIR/MRD/DP/14/2014 dated April 23, 2014 permitted stock exchanges to introduce liquidity enhancement schemes in the equity cash .....

Tags : Revised guidelines, Liquidity enhancement scheme, Equity cash

Changes to the framework to enable verification of upfront collection of margins from clients in cash and derivatives segments(10.05.2022)

1. SEBI, vide circular SEBI/HO/MRD2/DCAP/CIR/P/2020/127 dated July 20, 2020, prescribed the framework to enable verification of upfront collection of .....

Tags : Changes, Framework, Cash, Derivatives segments

Identity, credit-worthiness and genuineness of transactions have to be explained by the assessee, if the amount pertaining to it credited in books of account(22.05.2024)

Present appeal preferred by the appellant/Revenue, challenges an order, of the Commissioner of Income Tax (Appeals) ['CIT(A)']. By the order under cha.....

Tags : Assessment, axability, Cash credit

Facilitation by the Insurers for cashless services at network hospitals(22.04.2021)

1. It has been brought to the notice of the Authority that some hospitals are denying cashless facility to policyholders for treatment of COVID-19 tre.....

Tags : Insurers, Cashless services, Network hospitals

News

Delhi High Court Rejects Plea Against Cap on Free Withdrawals from ATMs(20.08.2018)

Delhi High Court has dismissed a PIL against the cap on free-of-charge withdrawals by banking customers from own bank ATMs.

Tags : Delhi High Court, ATM, Cash

Unless there is fraud of beneficiary or irretrievable harm or injury, Courts are not to interfere with encashment of Bank Guarantees(02.09.2016)

Appellant No. 1 a Joint Venture Company formed for specific purpose of constituting, commissioning and operating Kochi-Coimbatore-Erode-Salem LPG Pipe.....

Tags : Bank guarantee, Encashment, Delay, Financial Closure

NCLAT: Insolvency Cannot be Initiated on Basis of Unpaid LTC And Leave Encashment Dues(16.05.2022)

National Company Law Appellate Tribunal, has ruled that the welfare claims such as Leave Encashment, superannuation dues are not operational debt for .....

Tags : National Company Law Appellate Tribunal, Leave Encashment, Corporate Debtor, Section 9, Insolvency & Bankruptcy Code, 2016, superannuation dues

Income Declaration Scheme, 2016 - Acceptance of Cash Over the Counter(08.09.2016)

Vide Circular DBOD.No.Leg.BC.38/09.07.005/2008-09 dated August 28, 2008, banks have been advised to ensure that their branches invariably accept cash .....

Tags : Scheme, Cash, Acceptance, Counter

ITAT, Ahmedabad: KYC Form is Prima Facie Proof For Address of Account Holder(17.05.2022)

Income Tax Appellate Tribunal, Ahmedabad has ruled that Know Your Customer (KYC) Form is prima facie proof for address of account holder and upholds t.....

Tags : Income Tax Appellate Tribunal, Know Your Customer, cash deposits

MP HC: Cash Included In Definition of 'Things', Can be Seized in GST Search(21.09.2020)

Madhya Pradesh High Court has ruled that section 67(2) of the Central Goods and Services Tax Act, 2017 empowers the competent officer to seize not onl.....

Tags : Madhya Pradesh High Court, Seizure of Cash in GST Search

Government Bid Adieu to 1% Tax on Cash Purchase of Above Rs 2 Lakh(24.03.2017)

Government has done away with 1 per cent tax on cash payments of over Rs 2 lakh for purchase of any goods or service after it banned cash dealings abo.....

Tags : Government, Cash Purchase

ITAT: Cash Loan from Parents and Brother for Purchasing House for Whole Family do Not Attract Penalty(21.05.2019)

ITAT Delhi has ruled that the cash loan received from the parents and brother of the Assessee for the purchase of the house for the whole family canno.....

Tags : ITAT, Cash Loan

ITAT: Cash Deposits Out of Business of Shroff Cannot be Treated as Undisclosed Income(08.07.2022)

Income Tax Appellate Tribunal (ITAT), Rajkot Bench has held that the cash deposits out of business of Shroff cannot be treated as undisclosed income u.....

Tags : ITAT, Cash Deposit, Shroff

Madras HC Refuses Plea Insisting on Administering Oath at Polling Booth(03.03.2021)

Madras High Court has refused to entertain a public interest litigation petition which insisted that every voter should be administered an oath at the.....

Tags : Madras High Court, Cash for Votes

Cash-For-Jobs Scam: Calcutta High Court Denies Bail to Former WB Education Minister(03.05.2024)

Calcutta High Court has declined the bail prayer of former Education Minister Partha Chatterjee in the cash-for-jobs recruitment scam, involving the i.....

Tags : Calcutta High Court, Partha Chatterjee, Cash-For-Jobs Scam

Monitoring of availability of cash in ATMs(10.08.2021)

1. The Reserve Bank of India has a mandate to issue banknotes and the banks are fulfilling this mandate by dispensing banknotes to the public through .....

Tags : Availability, Cash, ATMs

Delhi HC Inquires from Election Commission About Steps Taken to Prevent Voting in Lieu of Cash(15.09.2021)

Delhi High Court has issued notice to the Election Commission of India on a PIL challenging the alleged practice of political parties offering cash be.....

Tags : Delhi High Court, Steps Taken to Prevent Voting in Lieu of Cash

Madras HC Dismisses PIL Over Non-Distribution of Cash Awards from CM Endowment(05.03.2021)

Madras High Court has dismissed a public interest litigation petition, which accused the Central Institute of Classical Tamil (CICT), chaired by Chief.....

Tags : Madras High Court, Non-Distribution of Cash Awards from CM Endowment

ITAT, Delhi: No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency(18.04.2022)

Income Tax Appellate Tribunal, Delhi has observed that the penalty under sections 271D and 271E of the Income Tax Act, 1961 cannot be leviable on rece.....

Tags : Income Tax Appellate Tribunal, Cash loan, Business Exigency

SC: Centre to Frame Cashless Treatment Scheme for Road Accident During ‘Golden Hour’ by 14th March(09.01.2025)

Supreme Court has directed the Central Government to make a scheme for cashless treatment for victims of motor vehicle accidents during the “golden ho.....

Tags : Supreme Court, Cashless Treatment Scheme, Golden Hour

ITAT, Jodhpur: Genuineness of Cash in Hand Not Dependent on Time Gap Between Withdrawal and Deposit(20.09.2021)

Income Tax Appellate Tribunal (ITAT), Jodhpur has ruled that mere time gap between Withdrawals and Deposits cannot be a sole basis for suspecting genu.....

Tags : Income Tax Appellate Tribunal, Genuineness of Cash in Hand

RBI seeks feedback on concept paper on Card Acceptance Infrastructure(08.03.2016)