https://www.taxtmi.com/caselaws?id=771307 Cash received under an agreement to sell executed before the operative date of the section 269SS amendment could not attract penalty under section 271D, because the receipt predated the statutory prohibition and the unregistered agreement still had evidentiary value for that limited purpose. The commentary also notes that dismissal of an appeal as time-barred was unsustainable where the appellate record showed timely filing and no actual delay. On those facts, deletion of the penalty and relief to the assessee were warranted. en-us Tue, 20 May 2025 00:00:00 +0530 Wed, 21 May 2025 15:23:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771307 Cash received under an agreement to sell executed before the operative date of the section 269SS amendment could not attract penalty under section 271D, because the receipt predated the statutory prohibition and the unregistered agreement still had evidentiary value for that limited purpose. The commentary also notes that dismissal of an appeal as time-barred was unsustainable where the appellate record showed timely filing and no actual delay. On those facts, deletion of the penalty and relief to the assessee were warranted. Case-Laws Income Tax Tue, 20 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771307