https://www.taxtmi.com/caselaws?id=787084 Cash received as sale consideration upon execution and registration of a sale deed, rather than as an advance for an immovable-property transaction, falls outside the intended scope of "specified sum" under section 269SS and does not attract penalty under section 271D. Penalty proceedings under section 271D also require recorded satisfaction by the Assessing Officer in assessment or related proceedings. In the absence of such satisfaction, or where initiation exceeds the limitation or reasonable-time requirements under section 275, the penalty is invalid. The penalties were deleted and relief was granted on both the substantive applicability of section 269SS and the jurisdictional and limitation defects. 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 Cash received as sale consideration upon execution and registration of a sale deed, rather than as an advance for an immovable-property transaction, falls outside the intended scope of "specified sum" under section 269SS and does not attract penalty under section 271D. Penalty proceedings under section 271D also require recorded satisfaction by the Assessing Officer in assessment or related proceedings. In the absence of such satisfaction, or where initiation exceeds the limitation or reasonable-time requirements under section 275, the penalty is invalid. The penalties were deleted and relief was granted on both the substantive applicability of section 269SS and the jurisdictional and limitation defects. Case-Laws Income Tax Wed, 11 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787084