https://www.taxtmi.com/caselaws?id=787084 The note addresses whether cash received at execution and registration of a sale deed qualifies as a "specified sum" under section 269SS and whether penalties under section 271D may be imposed without recorded satisfaction or within limitation. It concludes that cash paid as part of a completed, registered sale is outside the intended scope of "specified sum," so section 271D penalty does not apply on those facts, and that penalty proceedings lacking recorded satisfaction in assessment-related proceedings or initiated beyond permissible/ reasonable time under limitation rules are invalid and liable to be quashed. en-us Wed, 11 Feb 2026 00:00:00 +0530 Mon, 23 Feb 2026 13:23:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787084 The note addresses whether cash received at execution and registration of a sale deed qualifies as a "specified sum" under section 269SS and whether penalties under section 271D may be imposed without recorded satisfaction or within limitation. It concludes that cash paid as part of a completed, registered sale is outside the intended scope of "specified sum," so section 271D penalty does not apply on those facts, and that penalty proceedings lacking recorded satisfaction in assessment-related proceedings or initiated beyond permissible/ reasonable time under limitation rules are invalid and liable to be quashed. Case-Laws Income Tax Wed, 11 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787084