https://www.taxtmi.com/highlights?id=73427 Penalty u/s. 271D - receipt of cash in relation to transfer of immovable property - The objective of the amendment proposed in 269SS of the Act is to curb generation of black money. In the instant case the fact is that cash received by the assessee has been deposited by the assessee into the bank account, hence does not attract the provisions of section 269SS - No penalty - AT en-us Wed, 06 Dec 2023 13:39:56 +0530 Thu, 07 Dec 2023 10:24:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73427 Penalty u/s. 271D - receipt of cash in relation to transfer of immovable property - The objective of the amendment proposed in 269SS of the Act is to curb generation of black money. In the instant case the fact is that cash received by the assessee has been deposited by the assessee into the bank account, hence does not attract the provisions of section 269SS - No penalty - AT Highlights Income Tax Wed, 06 Dec 2023 13:39:56 +0530 https://www.taxtmi.com/highlights?id=73427