https://www.taxtmi.com/caselaws?id=216157 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to delete the penalty imposed under section 271E of the Income-tax Act for the assessment year 2003-04. The case involved a civil contractor who made repayments considered as loans or advances from customers, not deposits, thus not violating section 269T. The Tribunal agreed that the amendment to section 271E changed the criteria for imposing penalties, leading to the conclusion that no penalty was applicable in this case. The revenue's appeal was dismissed. en-us Fri, 04 Dec 2009 00:00:00 +0530 Tue, 11 Jun 2013 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216157 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to delete the penalty imposed under section 271E of the Income-tax Act for the assessment year 2003-04. The case involved a civil contractor who made repayments considered as loans or advances from customers, not deposits, thus not violating section 269T. The Tribunal agreed that the amendment to section 271E changed the criteria for imposing penalties, leading to the conclusion that no penalty was applicable in this case. The revenue's appeal was dismissed. Case-Laws Income Tax Fri, 04 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216157