https://www.taxtmi.com/caselaws?id=67174 The Tribunal partially allowed the appeal, reducing the penalty under Section 271D to Rs. 18,500, and dismissed the appeal challenging the penalty under Section 271E. The judgment highlighted the significance of tax law compliance, strict interpretation of penalty provisions, and the responsibility of taxpayers to be aware of legal requirements, even with professional assistance. en-us Thu, 18 Apr 2002 00:00:00 +0530 Thu, 21 Jun 2012 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67174 The Tribunal partially allowed the appeal, reducing the penalty under Section 271D to Rs. 18,500, and dismissed the appeal challenging the penalty under Section 271E. The judgment highlighted the significance of tax law compliance, strict interpretation of penalty provisions, and the responsibility of taxpayers to be aware of legal requirements, even with professional assistance. Case-Laws Income Tax Thu, 18 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67174