{
  "id": 19998864,
  "title": "Property seller takes Rs 5.22 lakh cash, faces tax penalty; why ITAT gave relief",
  "url": "https://urgent.news/2026/11/14/property-seller-takes-rs-5-22-lakh-cash-faces-tax-penalty-why-itat",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-11-14T14:32:33.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/man-sells-property-and-takes-rs-5-22-lakh-in-cash-and-remaining-in-bank-account-faces-income-tax-penalty-for-cash-transaction-itat-cancels-it-because-tax-officer-applied-wrong-section/articleshow/135833514.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Income Tax Assessing Officer (AO) in Berhampur received information from the property registrar's office in Jharsuguda that the man had sold a property and collected Rs 5.22 lakh in cash as part of the payment. The registered sale deed also mentioned the cash component. Following this information, the AO issued the man a notice under Section 269SS of the Income Tax Act and levied a penalty…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}