https://www.taxtmi.com/caselaws?id=472627 Disclosed cash forming part of final consideration under a completed registered immovable-property sale is distinguished from a loan, deposit, or standalone advance for Section 269SS and the corresponding penalty under Section 271D. Where consideration is accepted in reassessment and there is no evidence of undisclosed consideration, accommodation entries, suppression, or a tax-evasion device, it falls outside the stated penal scope. Penalty is not automatic for a technical breach: plausible and bona fide medical urgency that is not disproved constitutes reasonable cause under Section 273B and precludes penalty. These principles support deletion of the penalty. en-us Thu, 16 Apr 2026 00:00:00 +0530 Sat, 17 Oct 2026 18:37:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472627 Disclosed cash forming part of final consideration under a completed registered immovable-property sale is distinguished from a loan, deposit, or standalone advance for Section 269SS and the corresponding penalty under Section 271D. Where consideration is accepted in reassessment and there is no evidence of undisclosed consideration, accommodation entries, suppression, or a tax-evasion device, it falls outside the stated penal scope. Penalty is not automatic for a technical breach: plausible and bona fide medical urgency that is not disproved constitutes reasonable cause under Section 273B and precludes penalty. These principles support deletion of the penalty. Case-Laws Income Tax Thu, 16 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472627