https://www.taxtmi.com/caselaws?id=68326 The Tribunal, by majority decision, deleted the additions of Rs. 1,50,000 and Rs. 3,00,000 as unexplained investments under the Income-tax Act, 1961, and the penalty of Rs. 9,50,000 imposed under Section 271D. The Tribunal found the transactions genuine, supported by the assessee's explanations and the reasonable cause for the actions, ultimately ruling in favor of the assessee and emphasizing the genuineness of the financial dealings. en-us Wed, 13 Jul 2005 00:00:00 +0530 Sat, 03 Sep 2011 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68326 The Tribunal, by majority decision, deleted the additions of Rs. 1,50,000 and Rs. 3,00,000 as unexplained investments under the Income-tax Act, 1961, and the penalty of Rs. 9,50,000 imposed under Section 271D. The Tribunal found the transactions genuine, supported by the assessee's explanations and the reasonable cause for the actions, ultimately ruling in favor of the assessee and emphasizing the genuineness of the financial dealings. Case-Laws Income Tax Wed, 13 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68326