Penalty levied u/s 271D - violation of the provisions of section ...

Cash Penalty Upheld for Property Sale: Tribunal Dismisses Error Claim Due to Lack of Evidence.

February 9, 2024

Case Laws Income Tax AT

Penalty levied u/s 271D - violation of the provisions of section 269SS - assessee sold an immovable property and received part consideration in cash - The Tribunal carefully reviewed the registered deed of sale, which clearly stated the receipt of cash as part of the consideration. The Tribunal found the assessee's contention regarding a wrong entry in the deed of sale unacceptable without material evidence. Therefore, the penalty under section 271D was upheld.

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Penalty levied u/s 271D - violation of the provisions of section ...

Cash Penalty Upheld for Property Sale: Tribunal Dismisses Error Claim Due to Lack of Evidence.

February 9, 2024

Case Laws Income Tax AT

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