Penalty for contravening cash receipt ban results in a monetary penalty equal to the cash amount accepted. Contravention of Section 269SS by accepting a loan, deposit or specified sum in cash or by a prohibited mode attracts a penalty under Section 271D equal to the amount of the loan, deposit or specified sum so taken or accepted.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penalty for contravening cash receipt ban results in a monetary penalty equal to the cash amount accepted.
Contravention of Section 269SS by accepting a loan, deposit or specified sum in cash or by a prohibited mode attracts a penalty under Section 271D equal to the amount of the loan, deposit or specified sum so taken or accepted.
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