This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Cash receipt at the time of registration of sale deeds of plots doesn’t violate section 269SS
Case Law Details
- Case Name
- ITO Vs R. Dhinagharan (HUF) (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Chennai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
ITO Vs R. Dhinagharan (HUF) (ITAT Chennai)
ITAT Chennai held that there is no violation of provisions of section 269SS when all sale deeds were registered and cash payment was made at one go before the sub-registrar at the time of registration of sale deeds of plots. Hence, penalty u/s 271D not leviable.
Facts- The assessee during the course of business sold various plots to various people for a total consideration of Rs. 3,03,46,301/- in cash. The assessee has not received any advance but entire sale consideration were received at the time of registration of sale deeds in cash and non transac...
Author Info
