https://www.taxtmi.com/caselaws?id=219277 The Tribunal found no reasonable cause for the assessee to accept cash loans in violation of Section 269SS, upholding the penalty under Section 271D imposed by the Assessing Officer. The Tribunal reversed the CIT(A)'s decision and reinstated the penalty, ruling in favor of the Revenue. en-us Fri, 19 Oct 2012 00:00:00 +0530 Mon, 10 Dec 2012 05:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219277 The Tribunal found no reasonable cause for the assessee to accept cash loans in violation of Section 269SS, upholding the penalty under Section 271D imposed by the Assessing Officer. The Tribunal reversed the CIT(A)'s decision and reinstated the penalty, ruling in favor of the Revenue. Case-Laws Income Tax Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219277