{"id":56967,"date":"2019-08-02T18:18:11","date_gmt":"2019-08-02T12:48:11","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=56967"},"modified":"2019-08-02T18:18:44","modified_gmt":"2019-08-02T12:48:44","slug":"order-limiting-cash-transactions-at-rs-10k-will-be-contrary-to-tax-law-high-court","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/order-limiting-cash-transactions-at-rs-10k-will-be-contrary-to-tax-law-high-court","title":{"rendered":"Order limiting cash transactions at Rs 10K will be contrary to tax law: High Court"},"content":{"rendered":"<p>The Delhi High Court on Friday said it cannot issue any direction to the Centre to cap cash transactions at Rs 10,000 as it will lead to a contradiction with the income tax law, which has set a limit of Rs two lakh.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-8.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"307\" height=\"164\" data-attachment-id=\"56873\" data-permalink=\"https:\/\/www.legalindia.com\/news\/delhi-high-court-directs-centre-to-process-pakistani-nationals-application-for-indian-citizenship\/download-8-2\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-8.jpg?fit=307%2C164&amp;ssl=1\" data-orig-size=\"307,164\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"download (8)\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-8.jpg?fit=300%2C160&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-8.jpg?fit=307%2C164&amp;ssl=1\" class=\"alignleft size-full wp-image-56873\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-8.jpg?resize=307%2C164&#038;ssl=1\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-8.jpg?w=307&amp;ssl=1 307w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-8.jpg?resize=150%2C80&amp;ssl=1 150w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-8.jpg?resize=300%2C160&amp;ssl=1 300w\" sizes=\"auto, (max-width: 307px) 100vw, 307px\" \/><\/a><\/p>\n<p>The observation by a bench of Chief Justice D N Patel and Justice C Hari Shankar came during the hearing of a PIL seeking directions to the Centre and the AAP government to cap cash transactions at Rs 10,000.<\/p>\n<p>Taking note of the view expressed by the bench, BJP leader and lawyer Ashwini Kumar Upadhyay withdrew his petition.<\/p>\n<p>&#8220;Petition dismissed as not pressed,&#8221; the court said.<\/p>\n<p>Upadhyay had sought the limit on cash transactions, saying it would help curb illegal activities like terrorism, corruption and use of black money.<\/p>\n<p>&#8220;Cash transactions in high denomination currency is used in illegal activities like terrorism, naxalism, separatism, radicalism, smuggling, money laundering, kidnapping, extortion and bribery,&#8221; the petition had claimed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Delhi High Court on Friday said it cannot issue any direction to the Centre to cap cash transactions at Rs 10,000 as it will lead to a contradiction with the income tax law, which has set a limit of Rs two lakh. The observation by a bench of Chief Justice D N Patel and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56873,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[20124],"tags":[45202,45133,113],"class_list":["post-56967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-court-judiciary-legal-system","tag-at-rs-10k-will-be-contrary","tag-cash-transactions","tag-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Order limiting cash transactions at Rs 10K will be contrary to tax law: High Court - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"The Delhi High Court on Friday said it cannot issue any direction to the Centre to cap cash transactions at Rs 10,000 as it will lead to a contradiction - Get the latest legal news from the Supreme Court, High Courts, and government. 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