https://www.taxtmi.com/caselaws?id=205610 The High Court affirmed the Tribunal's decision to delete the penalty imposed under Section 271E of the Income Tax Act, 1961, due to the absence of pending proceedings before the Assessing Officer and the reasonable cause provided by the assessee for loan repayments made to M/s Babyloan Builders Pvt. Ltd. en-us Fri, 14 Jan 2011 00:00:00 +0530 Tue, 13 Sep 2011 09:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205610 The High Court affirmed the Tribunal's decision to delete the penalty imposed under Section 271E of the Income Tax Act, 1961, due to the absence of pending proceedings before the Assessing Officer and the reasonable cause provided by the assessee for loan repayments made to M/s Babyloan Builders Pvt. Ltd. Case-Laws Income Tax Fri, 14 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205610