https://www.taxtmi.com/caselaws?id=763594 The ITAT Delhi upheld the CIT(A)'s decision to delete the penalty imposed under section 271DA for alleged violation of section 269ST. The AO had aggregated multiple cash sales bills from different dates and sales executives, presuming they were split bills to circumvent the Rs. 2 lakh cash transaction limit. The ITAT found the AO failed to prove the bills were to a single person or identify the alleged accommodated parties. Individual bills were below Rs. 2 lakh, and section 269ST does not permit clubbing different cash sales invoices. The violation requires conclusive proof that cash exceeding Rs. 2 lakh was received from one person in a single day, which was absent. The Revenue's appeal was dismissed. en-us Fri, 20 Dec 2024 00:00:00 +0530 Mon, 23 Dec 2024 08:43:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763594 The ITAT Delhi upheld the CIT(A)'s decision to delete the penalty imposed under section 271DA for alleged violation of section 269ST. The AO had aggregated multiple cash sales bills from different dates and sales executives, presuming they were split bills to circumvent the Rs. 2 lakh cash transaction limit. The ITAT found the AO failed to prove the bills were to a single person or identify the alleged accommodated parties. Individual bills were below Rs. 2 lakh, and section 269ST does not permit clubbing different cash sales invoices. The violation requires conclusive proof that cash exceeding Rs. 2 lakh was received from one person in a single day, which was absent. The Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 20 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763594