271D of Income tax applicability

Dear Sir,

Mr. L made a payment to Mr. D from 2010 to 2011 in cash near about total amount of Rs.35lacs.

Now Mr. D proposed a land to Mr.L with legal agreement of Rs.65Lacsl in 2024.

Mr. L suggest to Mr.D to please adjust his money which was given earlier years to him in this agreement.

Please suggest that is any 271D compliance will arise in this situation.

In my opinion sec 271D effected from 15/05/2015 and transactions was done before implementing this section.


Thanks in advance for your views.