Supreme Court tightens grip on cash deals: Courts must report transactions over Rs 2 lakh to I-T department

The Supreme Court has directed lower courts and sub-registrars to report cash transactions of Rs 2 lakh and above to the Income Tax Department, aiming to curb black money and tax evasion. This directive ensures scrutiny of property transactions and potential violations of Section 269ST of the Income Tax Act, which prohibits large cash receipts.