https://www.taxtmi.com/forum/issue?id=115560 Receipt of a large cash payment on sale of immovable property raises a query whether restrictions on cash transactions and the linked penalty provisions under the income tax law apply, whether penalty is mandatory or avoidable on reasonable cause, and whether legislative changes since 2015 affect those provisions. en-us Sun, 20 Oct 2019 18:52:31 +0530 Thu, 23 Jan 2025 15:54:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115560 Receipt of a large cash payment on sale of immovable property raises a query whether restrictions on cash transactions and the linked penalty provisions under the income tax law apply, whether penalty is mandatory or avoidable on reasonable cause, and whether legislative changes since 2015 affect those provisions. Discussion-Forum Income Tax Sun, 20 Oct 2019 18:52:31 +0530 https://www.taxtmi.com/forum/issue?id=115560