https://www.taxtmi.com/caselaws?id=801326 Section 269SS prohibits accepting a specified sum, including an advance for transfer of immovable property, other than through prescribed banking modes. Section 273B excludes penalty under Section 271D where the recipient establishes reasonable cause. Transaction disclosure and genuineness alone do not establish reasonable cause, but prompt bank deposit of the cash advance, receipt of the balance consideration through banking channels, disclosure in the registered sale deed and income-tax return, personal financial need, and the purchaser's circumstances may cumulatively support a bona fide explanation. On those stated facts, reasonable cause excluded the penalty. en-us Wed, 07 Oct 2026 00:00:00 +0530 Mon, 19 Oct 2026 07:01:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801326 Section 269SS prohibits accepting a specified sum, including an advance for transfer of immovable property, other than through prescribed banking modes. Section 273B excludes penalty under Section 271D where the recipient establishes reasonable cause. Transaction disclosure and genuineness alone do not establish reasonable cause, but prompt bank deposit of the cash advance, receipt of the balance consideration through banking channels, disclosure in the registered sale deed and income-tax return, personal financial need, and the purchaser's circumstances may cumulatively support a bona fide explanation. On those stated facts, reasonable cause excluded the penalty. Case-Laws Income Tax Wed, 07 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801326