Does a Bounced Cheque Mean Enforceable Debt? Examining Cash Loans & Section 269SS of India's Income Tax Act.

Cheque bounce - enforceable debt or not - Cash Loan - Contravention of Section 269SS of the IT Act - Section 269-SS does not declare all transactions of loan by cash in excess of ₹ 20,000/- as invalid, illegal or null and void as the main object of introducing the provision was to curb and unearth black money - HC .....

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