Assessee filed a civil suit for recovery of Rs 80 lakhs allegedly advanced in cash on 21.06.2016 on the basis of a promissory note. During pendency of the suit, the debtor sought a direction to compel the Assessee to disclose his PAN and to forward suit records to the Income-tax Department, alleging violation of S. 269ST. The Trial Court allowed the said application.<\/p>\n
On a civil revision petition to the Madras High Court, it held that the Supreme Court has (The Correspondent, RBANMS Educational Institution v. B. Gunashekar (2025)304 Taxman 612(SC),<\/em> with the object of abolishing black money transactions, issued general guidelines to Courts in India to intimate such kind of heavy cash transaction to jurisdictional Income Tax Authorities. Hence, the High Court held that though the present suit transaction had taken place prior to the introduction of S. 269ST, even in the absence of said provisions, this kind of heavy cash transaction required consideration by the Income Tax Department. Hence, it did not interfere with the order of the Trial Court to intimate the suit transaction to the Income Tax Department but held that Assessee could not be compelled to reveal his PAN to the debtors.<\/p>\n","protected":false},"excerpt":{"rendered":" S. 269ST: Mode of undertaking transactions-Intimation of heavy cash transaction to jurisdictional Income Tax Authorities in civil recovery suits pursuant to Supreme Court guidelines-Assessee could not be compelled to reveal his PAN to the debtors. [S.271DA] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-64728","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gQ0","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=64728"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64728\/revisions"}],"predecessor-version":[{"id":64729,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64728\/revisions\/64729"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}