https://www.taxtmi.com/caselaws?id=800566 Cash received and temporarily held for safe custody by a mediator in a property transaction does not constitute acceptance of a loan or deposit for section 269SS. Where affidavits, a registered sale deed and bank records establish that the amount was deposited into the mediator's bank account and promptly paid to the seller by cheque, the receipt falls outside the statutory prohibition. Alternatively, the bona fide nature of the arrangement constitutes reasonable cause under section 273B. Penalty under section 271D is therefore unwarranted and liable to be deleted. en-us Wed, 23 Sep 2026 00:00:00 +0530 Thu, 08 Oct 2026 08:45:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800566 Cash received and temporarily held for safe custody by a mediator in a property transaction does not constitute acceptance of a loan or deposit for section 269SS. Where affidavits, a registered sale deed and bank records establish that the amount was deposited into the mediator's bank account and promptly paid to the seller by cheque, the receipt falls outside the statutory prohibition. Alternatively, the bona fide nature of the arrangement constitutes reasonable cause under section 273B. Penalty under section 271D is therefore unwarranted and liable to be deleted. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800566