https://www.taxtmi.com/caselaws?id=68434 The tribunal ruled in favor of the assessee in an appeal against penalties imposed under sections 271D and 271E of the IT Act, 1961. The tribunal found that the Department failed to provide concrete evidence of cash transactions and did not effectively counter the assessee's explanations. As a result, the penalties were deleted, and the appeal of the assessee was accepted. en-us Wed, 29 Sep 2004 00:00:00 +0530 Wed, 30 Mar 2011 09:38:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68434 The tribunal ruled in favor of the assessee in an appeal against penalties imposed under sections 271D and 271E of the IT Act, 1961. The tribunal found that the Department failed to provide concrete evidence of cash transactions and did not effectively counter the assessee's explanations. As a result, the penalties were deleted, and the appeal of the assessee was accepted. Case-Laws Income Tax Wed, 29 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68434