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<h1>Penalty under Section 271D applies where loans, deposits or specified sums are taken in cash contrary to Section 269SS.</h1> Penalty under Section 271D applies where a person takes or accepts any loan, deposit or specified sum in cash or by a mode contravening Section 269SS; specified sum means any sum receivable in relation to transfer of immovable property, whether as advance or otherwise, whether or not the transfer occurs.