https://www.taxtmi.com/caselaws?id=793808 Penalty for alleged breach of section 269ST could not be sustained where the order failed to record that the cash receipt met the statutory mode of prohibited receipt, namely receipt of two lakh rupees or more in aggregate from a person in a day, in a single transaction, or for one event or occasion. Mere reference to cash sales during the year was insufficient without findings on the specific manner of receipt required by the provision. The section 271DA penalty was therefore deleted. en-us Mon, 22 Jun 2026 00:00:00 +0530 Wed, 24 Jun 2026 07:08:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793808 Penalty for alleged breach of section 269ST could not be sustained where the order failed to record that the cash receipt met the statutory mode of prohibited receipt, namely receipt of two lakh rupees or more in aggregate from a person in a day, in a single transaction, or for one event or occasion. Mere reference to cash sales during the year was insufficient without findings on the specific manner of receipt required by the provision. The section 271DA penalty was therefore deleted. Case-Laws Income Tax Mon, 22 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793808