<s>[INST] When penalty under Section 271D shall be imposed? [/INST] ​Penalty under Section 271D shall be imposed if a person takes or accepts any loan or deposit (or specified sum) in cash or in a mode which is in contravention to Section 269SS. "Specified sum" means any sum of money receivable, whether as advance or otherwise, in relation to transfer of an immovable property, whether or not the transfer takes place. ​ </s>