https://www.taxtmi.com/caselaws?id=122444 The tribunal upheld the CIT(A)'s decision to delete penalties under section 271D, ruling that sections 269SS and 271D were inapplicable as the assessee received cash instead of advancing or accepting loans in cash. Therefore, penalties for violating section 269SS were not justified. The revenue's appeals against the deletion of penalties were dismissed. en-us Fri, 19 Mar 2010 00:00:00 +0530 Mon, 13 Aug 2012 16:54:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122444 The tribunal upheld the CIT(A)'s decision to delete penalties under section 271D, ruling that sections 269SS and 271D were inapplicable as the assessee received cash instead of advancing or accepting loans in cash. Therefore, penalties for violating section 269SS were not justified. The revenue's appeals against the deletion of penalties were dismissed. Case-Laws Income Tax Fri, 19 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122444