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

ITAT Delhi: Employees of University Entitled to Full Exemption of Arrears of Gratuity(06.06.2017)

ITAT Delhi has held that an employee of a ‘University’ is entitled to full exemption of arrears of Gratuity and leave encashment u/s 10(10) of Income .....

Tags : ITAT Delhi, Gratuity, leave encashment

Madras HC Issues Notice on Plea Seeking Distribution of Direct Cash Benefits(09.04.2020)

Madras High Court has issued notices on a Public Interest Litigation seeking distribution of all cash benefits under various Schemes of the State and .....

Tags : Madras High Court, Distribution of Direct Cash Benefits

Withdrawal from fortnight beginning December 10, 2016 the need to maintain an incremental cash reserve ratio(07.12.2016)

In exercise of the powers conferred by sub-section (1A) of Section 42 of the Reserve Bank of India Act, 1934, and in supersession of its notification .....

Tags : Withdrawal, cash reserve ratio, Maintenance

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

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

SC: Leave Encashment Benefit is Part of Salary(28.09.2022)

Supreme Court while observing that leave encashment is part of salary, has held that condition in Rajasthan Voluntary Rural Education Service Rules, 2.....

Tags : Supreme Court, Leave Encashment, Salary

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

Madras HC Dismisses Plea Seeking Enhancement of Cash Benefits for Ration Card Holders(01.05.2020)

Madras High Court has dismissed a Petition seeking enhancement of the cash benefit of Rs. 1,000/- being provided to the Ration Card Holders in the sta.....

Tags : Madras High Court, Cash Benefits to Ration Card Holders

Madras HC: Interest Should be Levied on Belated GST Cash Payments but Not on ITC(17.02.2020)

Madras High Court has held that the Goods and Services Tax (GST) could be levied on interest only on the cash component of the tax remitted belatedly .....

Tags : Madras High Court, Interest on GST Cash Payments

CBDT: Rs 2 Lakh Cash Ban Shall Not Apply on One Installment for Loan for NBFCs(06.07.2017)

Central Board of Direct Taxes (CBDT) has clarified that prohibition on cash transactions upto Rupees 2 lakhs under section 269ST of Income Tax Act doe.....

Tags : Central Board of Direct Taxes, Cash Ban

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

Reserve Bank of India Lifts All Limit on Cash Withdrawals(14.03.2017)

Reserve Bank of India has lifted all limits on cash withdrawals from banks and ATMs.

Tags : Reserve Bank of India, cash withdrawals

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

Ori HC: Can’t Recover Excess Payment Made to Emp. From Leave Encashment Benefits Post Retirement(23.02.2024)

Orissa High Court has held that if excess payment has been made to an employee without any fault on his part, such amount cannot be recovered by the e.....

Tags : Orissa High Court, Excess Pament, Leave Encashment Benefits

Madras HC Grants Bail Murder Accused in Cashew Factory Worker's Death Case(22.11.2021)

Madras High Court has granted bail to murder accused T.R.V. S Ramesh, DMK MP from Cuddalore, upon satisfaction that a substantial portion of the polic.....

Tags : Madras High Court, Cashew Factory Worker's Death Case

Supreme Court Stays High Court's Order Recalling Non-Bailable Warrants Issued Against An Accused(14.01.2022)

Supreme Court has stayed the Gauhati High Court's order granting relief to an accused in the Assam Public Service Commission cash for jobs scam by rec.....

Tags : Supreme Court, Cash for Jobs Scam

Kerala High Court Quashes 'Censure' against KSEB Cashier for WhatsApp Text Against CM(10.05.2021)

Kerala High Court has quashed an order of censure against a cashier working with the Kerala State Electricity Board Ltd. (KSEB), who had allegedly dis.....

Tags : Kerala High Court, Censure Against KSEB Cashier

Merits and the terms of contract are irrelevant for invoking of the bank guarantees(15.11.2017)

The Petitioner has filed present petition under Section 9 of the Arbitration and Conciliation (Amendment) Act, 2015 with a prayer that, Respondents be.....

Tags : Bank guarantee, Encashment

Top Pvt Banks Slap Charges on Cash Transactions, Caps Free Transactions(02.03.2017)

Banks including HDFC, ICICI, Axis began charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transac.....

Tags : Banks, Cash Transactions

Cal. HC: Interest Paid on Cash Loan Falls Within the Ambit of Unexplained Expenditure(01.09.2023)

Calcutta High Court has held that payment of interest on a cash loan falls within the ambit of unexplained expenditure within the meaning of Section 6.....

Tags : Calcutta High Court, Unexplained Expenditure, Cash Loan

SC Refuses to Delete Remarks Against Senthil Balaji(12.08.2025)

The Supreme Court has declined to expunge remarks in past judgments against ex-TN minister, Senthil Balaji in the cash-for-jobs scam but clarified the.....

Tags : Supreme Court, Senthil Balaji, Cash-for-Jobs Scam, Expunction, Fair Trial, Surya Kant, Joymalya Bagchi

Madras High Court Holds Collection of Cash Handling Charges From Stamp Vendors Illegal(15.11.2021)

Madras High Court has ruled that the practice of collecting cash handling charges from stamp vendors who deposit money through treasury challans into .....

Tags : Madras High Court, Collection of Cash Handling Charges From Stamp Vendors

ITAT: Cash Gift from Siblings During Medical Emergencies Can’t be Treated as ‘Unexplained’(02.08.2022)

Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that the cash gift from brother and sister during medical emergencies cannot be treated as .....

Tags : ITAT, Medical Emergencies, Cash Gift

SC: Courts Must Tread Carefully to Prevent Employees from Claiming Leave Encashment Multiple Times(25.04.2025)

Supreme Court has observed that courts must tread carefully to prevent employees from claiming leave encashment multiple times for the same accrual, w.....

Tags : Supreme Court, Leave Encashment, Unjust Enrichment

Imposing High Cash Security as Bail Condition is Virtual Denial of Bail: Karnataka HC(21.01.2019)

Karnataka High Court has observed that insistence on high cash security as condition for bail would amount to discrimination and denial of bail itself.....

Tags : Karnataka High Court, High Cash Security as Bail Condition

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