Penalty levied u/s 271D - violation of the provisions of section...

Penalty levied u/s 271D - violation of the provisions of section 269SS - assessee sold an immovable property and received part consideration in cash - The Tribunal carefully reviewed the registered deed of sale, which clearly stated the receipt of cash as part of the consideration. The Tribunal found the assessee's contention regarding a wrong entry in the deed of sale unacceptable without material evidence. Therefore, the penalty under section 271D was upheld.