Loan repaid to NBFC in cash

Vaibhav DHingra (128 Points)

26 October 2018  
The assessee has paid an installment of rs. 54000 to a non banking finance company in cash. He has violated sec 269T , but as per sec 269st, NBFCs can accept less than 2 lakhs from a person in a day (as per circular no. 22 dated 3-7-17).
Aren't these sections contrary to each other. Is there a way to prevent penalty ?