Cash receipt at the time of registration of sale deeds of plots doesn’t violate section 269SS

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 receive

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