https://www.taxtmi.com/caselaws?id=433650 The Tribunal upheld the penalty of Rs. 14 lakhs under Section 271D for violating Section 269SS. It found that the appellant owned the property individually, received cash payments against statutory provisions, and failed to justify accepting cash. The penalty proceedings were deemed valid, timely, and compliant with natural justice principles, leading to the dismissal of the appeal and affirmation of the penalty. en-us Wed, 18 Jan 2023 00:00:00 +0530 Mon, 06 Feb 2023 09:16:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433650 The Tribunal upheld the penalty of Rs. 14 lakhs under Section 271D for violating Section 269SS. It found that the appellant owned the property individually, received cash payments against statutory provisions, and failed to justify accepting cash. The penalty proceedings were deemed valid, timely, and compliant with natural justice principles, leading to the dismissal of the appeal and affirmation of the penalty. Case-Laws Income Tax Wed, 18 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433650