P&H: Refuses to Order Tax Department Intimation Over Alleged 2015 Cash Payments
The Punjab and Haryana High Court has dismissed a civil revision petition seeking to require a trial court to inform the Income Tax Department about cash transactions alleged in a property ownership dispute. Justice Harsh Bunger held that Section 269ST of the Income Tax Act, which came into effect on April 1, 2017, did not apply to the transactions said to have taken place in 2015.
The underlying suit was brought by Pooja Sareen, who claims a half share in an apartment in Mohali. She alleged that her father paid Rs 30 lakh in 2015 towards the purchase of the...
