ITAT upholds Section 271D penalty for Cash Receipt against Property Sale in Violation of Section 269SS

Nammalvar Lingusamy Vs ACIT (ITAT Chennai)

The case of Nammalvar Lingusamy Vs. ACIT (ITAT Chennai) involves an appeal against the penalty imposed under Section 271D of the Income Tax Act, 1961. The parties involved are the assessee, Nammalvar Lingusamy, and the revenue authority represented by the Additional Commissioner of Income Tax (ACIT). The legal issue at hand revolves around the acceptance of part of the sale consideration for an immovable property in cash, allegedly violating Section 269SS of the Income Tax Act.

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