https://www.taxtmi.com/caselaws?id=797477 Cash consideration receivable in relation to transfer of immovable property falls within the definition of a specified sum under section 269SS, rather than section 269ST. The restriction on such receipts applies only from its effective date. Penalty under section 271D cannot be imposed for an assessment year in which no relevant cash consideration was received, even if the transaction otherwise falls within section 269SS. Receipts relating partly to a period before the restriction became effective and to an earlier assessment year cannot support a penalty for a later assessment year; the penalty is therefore invalid. en-us Wed, 12 Aug 2026 00:00:00 +0530 Sat, 22 Aug 2026 10:33:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797477 Cash consideration receivable in relation to transfer of immovable property falls within the definition of a specified sum under section 269SS, rather than section 269ST. The restriction on such receipts applies only from its effective date. Penalty under section 271D cannot be imposed for an assessment year in which no relevant cash consideration was received, even if the transaction otherwise falls within section 269SS. Receipts relating partly to a period before the restriction became effective and to an earlier assessment year cannot support a penalty for a later assessment year; the penalty is therefore invalid. Case-Laws Income Tax Wed, 12 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797477