During the scrutiny proceedings, the assessee explained that the cash deposited in the bank were out of the sale proceeds of property sold during AY 2016-17 and the assessee had also declared long-term capital gains in the return of income filed for AY 2016-17. The Assessing Officer accepted the explanation of the assessee, however, levied penalty u/s. 271D for contravention of the provisions of Sec. 269SS. The Tribunal held that initiation of penalty u/s. 271D for AY 2017-18 was void-ab-initio since provision of S. 269SS is not contravened in the assessment year under consideration. (AY. 2016-17,2017-18)