Immovable property sold and cash recd deposited

Violation of section 269ST for receiving cash more than 2 lakhs.

Violation of section 269SS for receiving advance on sell of property by cash, worth more than 20,000/-

Here he has not done anything wrong except depositing the amount so received on even date. Here my humble request to your honour is , is there any waiver of interest is available to him sir, if any pls guide me

Thank you for your comments sir , But the seller is uneducated and unaware of the legislative . He had no viable option at thatt time of receiving cash unless the contract for sale has been denied by the buyer. He look forward and received the cash and same has been deposited into his bank accout sir,

 

Was it during demonetization period?

What was circle rate? and agreement amount?

If agriculturalist , he can plead for his innocence about the law as otherwise it would be exempt income. Everything depends upon the office/commissioner.

Originally posted by : rama krishnan
	there's no such relief given in section 269st.. to preclude oneself from 269st

Yes tehnically true but there still prevails the system of " Natural Justice " , in a society like ours almost 99% of the general population is not even aware of basic laws ...so here in this case if the said person can prove the genuineness of the transaction along with his background / ignorance then I think he will not be denied justice ...