https://www.taxtmi.com/caselaws?id=67557 The Appellate Tribunal upheld the CIT(A)'s decision to delete a penalty imposed under section 269SS of the Income-tax Act. The Tribunal determined that the assessee did not violate section 269SS as the deposits were made through transfer vouchers and credited via proper banking channels, aligning with the legislative intent to prevent unaccounted cash acceptance. Therefore, the Tribunal dismissed the revenue's appeal, emphasizing the necessity of complying with section 269SS requirements for accepting cash deposits. en-us Thu, 25 May 2000 00:00:00 +0530 Fri, 11 Mar 2011 12:43:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67557 The Appellate Tribunal upheld the CIT(A)'s decision to delete a penalty imposed under section 269SS of the Income-tax Act. The Tribunal determined that the assessee did not violate section 269SS as the deposits were made through transfer vouchers and credited via proper banking channels, aligning with the legislative intent to prevent unaccounted cash acceptance. Therefore, the Tribunal dismissed the revenue's appeal, emphasizing the necessity of complying with section 269SS requirements for accepting cash deposits. Case-Laws Income Tax Thu, 25 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67557