https://www.taxtmi.com/caselaws?id=777393 Receipt of the full sale consideration in cash at the time of registration of a sale deed was held not to attract section 269SS of the Income-tax Act, 1961, because that provision is directed at advances or other specified sums rather than final consideration paid on conveyance registration. On the recorded facts, the deed showed payment before the registration authorities, so no statutory breach was established. Penalty under section 271D could not therefore be sustained, and the levy was deleted in favour of the assessee. en-us Thu, 09 Jan 2025 00:00:00 +0530 Fri, 29 Aug 2025 08:56:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777393 Receipt of the full sale consideration in cash at the time of registration of a sale deed was held not to attract section 269SS of the Income-tax Act, 1961, because that provision is directed at advances or other specified sums rather than final consideration paid on conveyance registration. On the recorded facts, the deed showed payment before the registration authorities, so no statutory breach was established. Penalty under section 271D could not therefore be sustained, and the levy was deleted in favour of the assessee. Case-Laws Income Tax Thu, 09 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777393