Order under section 271D of the Income Tax Act, 1961

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A notice has been issued under Section 271D of the Income Tax Act, 1961, for receiving sale consideration in cash for an immovable property. The demand order is dated 25/08/2023, and the due date has passed. It is possible to file a belated appeal by submitting a condonation petition explaining the delay, provided a genuine hardship is demonstrated. The appeal can then be argued on its merits, potentially citing reasons like the absence of banking facilities for accepting cash.

SRIKANTA

SRIKANTA (Querist)

16 May 2025 notice issued for the alleged violation of Section 269SS of the Income Tax Act, 1961, regarding the receipt of sale consideration in cash for the immovable property transaction. The entire amount was received in cash in the year 2019-20. Date of Demand Order 25/08/2023 is their any way or procedure to adpot and avoid demand already due date is over. I am not in itr 2019-20 and appeal not filled kindly guide

Kowsalya

Kowsalya (Expert)

16 May 2025 Hi
Belated appeal can be filed with condonation petition explaining the reason for delay ( genuine hardship must be shown like health issues or lack of awareness or any other reasonable cause ). If the explanation is found satisfactory and genuine, the delay can be condoned
After the filing of appeal, the same can be argued on the merit of reasonable cause of accepting cash like absence of banking facilities or any other reasonable cause.