Income Tax order under Section 271DA received for AY 2018-19 over Rs. 20.92 lakh receipts
The company received an order under Section 271DA of the Income-tax Act, 1961 for AY 2018-19, dated 29th September 2026 and received on 30th September 2026, from the Deputy Commissioner of Income Tax, Central Circle-15, New Delhi.
- Order Provision
- Section 271DA of the Income-tax Act, 1961
- Assessment Year
- 2018-19
- Order Date
- 29th September 2026
- Amount in Contravention
- Rs. 20.92 lakh
- Contravention Section
- Section 269ST
What was received
The company disclosed receipt of an order under Section 271DA of the Income-tax Act, 1961 for Assessment Year 2018-19. The order is dated 29th September 2026 and was received on 30th September 2026.
- Issuing authority: Deputy Commissioner of Income Tax, Central Circle-15, New Delhi
- The order is against the company
The alleged contravention
The order holds that the company received an amount aggregating to Rs. 20.92 lakh during F.Y. 2017-18 in contravention of Section 269ST of the Income-tax Act, 1961. Section 271DA is the penalty provision linked to Section 269ST, which restricts receiving large amounts in cash.
Company's stand
- It is currently evaluating the order and does not agree with the observations made in it
- It believes it has strong legal and factual grounds to challenge the order before the appropriate appellate authorities and will take necessary steps
- It states the order does not have any significant or adverse impact on its financial position, operations or other activities
How investors may read this
This is a regulatory/tax matter relating to a transaction year that is several years old, and the amount referred to in the order is Rs. 20.92 lakh. The company has indicated it intends to contest the order, so the matter may continue through the appellate process.
More numbers
- Amount held to be received in contravention of Section 269ST (F.Y. 2017-18)Rs. 20.92 lakh
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