Penalty u/s. 271D deleted as cash payment made at one go before sub-registrar: ITAT Amritsar

Aggarwal Construction Company Vs DCIT (ITAT Amritsar)

ITAT Amritsar held that there is no violation of provisions of section 269SS of the Income Tax Act when cash payment was made at one go before sub-registrar at the time of registration of sale deed. Accordingly, penalty under section 271D deleted.

Facts- The assessee is a partnership firm engaged in the business of civil construction, colonizer (development of residential colonies), and supplier of construction materials.

In course of the colonization business, the assessee during the year under ap

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