Penalty u/s 271DA, failure to comply with provisions of section 269ST(Mode of undertaking transactions )

Penalty u/s 271DA was imposed against the assessee but details of the transaction have not been given in the SCN issued before imposing penalty. Even the amount of penalty to be imposed not mentioned in the SCN. Is the penalty is valid.

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  violation of Section 269ST

Let me explain by giving Exm.. Let say x ltd sold some goods to Y ltd amounting to INR 4 Lakhs. Y ltds pays 1.50 Lakhs via RTGS and for balance 2.5 Lakhs Y ltd deposit cash amounting to INR 2.5 Lakhs in bank account of Xltd. Now can AO content that, since Section 269ST allows Account payee check, bank draft or other mode via banking channels which does not include cash deposit directly into bank, this transaction is in violation of section 269 ST and can impose penalty on X ltd. Kindly provide your answer along with proper reference…

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  retrospective amendent

whether RTGS payments/repayments for the years prior to amendments of 269SS/269T is allowed  as it is retrospective ?

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  cash sales vs 269ST

Can AO ask any details of sales in cash below limits u/s 269ST ? any case law

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