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<h1>The SC dismissed the Special Leave Petition for lack of grounds, disposing of pending applications.</h1> <h3>THE COMMISSIONER OF INCOME TAX (CENTRAL IV) Versus LODHA PROPERTIES DEVELOPMENT PVT. LTD.</h3> The SC dismissed the Special Leave Petition for lack of grounds, disposing of pending applications. - THE COMMISSIONER OF INCOME TAX (CENTRAL IV) Versus ... Penalty u/s 271D - failure to comply with Section 269SS - reasonable cause u/s 273B for entering into such transactions through journal entries - Tribunal holds that the failure to comply with Section 269SS was on account of reasonable cause on the part of the respondents - HELD THAT:- No ground to entertain this petition. The Special Leave Petition is dismissed. Pending application(s), if any, stand disposed of. The Supreme Court dismissed the Special Leave Petition due to lack of grounds for entertainment. Pending applications were disposed of.