Supreme Court Directs Courts & SRO to report Suits / Deeds of Cash Transaction Above ₹2 Lakh to Income Tax Authorities

The Supreme Court has directed courts and Sub-Registrar Offices (SROs) to report details of suits and deeds involving cash transactions exceeding ₹2 lakhs to income tax authorities. This directive aims to enhance tax compliance and curb black money by tracking high-value cash transactions in property deals and legal proceedings. The order empowers tax authorities to investigate potential tax evasion and ensures that significant cash transactions do not go unreported. This measure strengthens the link between the judiciary, property registration, and tax administration.