Held that cash was received before 1-6-2015 in relation to the sale of rights in property, the provision of section 269SS & 271D is not applicable. The amendment specified sum explanation was introduced with effect from 1-6 2015. (AY. 2017-18)(ITA No. 2310/ Del/ 2023 dt.12-7 2024.
Renu Bala v. Addl.CIT(2024) Chamber’s Journal-August-P. 173 (Delhi)(Trib)
S.271D: Penalty-Takes or accepts any loan or deposit-Cash received-Sale of rights in property-Property was registered in June 2016-Amendment is prospective-Specified sum explanation introduced with effect from 1-6.2015 [S. 269SS]
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