https://www.taxtmi.com/caselaws?id=67424 The Tribunal upheld the penalty of Rs. 1,20,700 imposed under Section 271D for violation of Section 269SS, finding no reasonable cause established by the assessee. The appeal of the Revenue was accepted, and the CIT(A)'s order canceling the penalty was reversed. en-us Wed, 19 Jul 2006 00:00:00 +0530 Mon, 16 Jul 2012 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67424 The Tribunal upheld the penalty of Rs. 1,20,700 imposed under Section 271D for violation of Section 269SS, finding no reasonable cause established by the assessee. The appeal of the Revenue was accepted, and the CIT(A)'s order canceling the penalty was reversed. Case-Laws Income Tax Wed, 19 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67424