https://www.taxtmi.com/caselaws?id=247509 The High Court dismissed the appeal, upholding the penalty under Section 271D for breaching Section 269SS. The Court agreed with the Tribunal's decision, finding that the appellant failed to provide adequate evidence or justification for the cash loan transaction. The Court deemed the concurrent findings of the AO, CIT(A), and Tribunal reasonable, concluding that no substantial question of law warranted interference. en-us Fri, 14 Mar 2014 00:00:00 +0530 Wed, 20 Aug 2014 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247509 The High Court dismissed the appeal, upholding the penalty under Section 271D for breaching Section 269SS. The Court agreed with the Tribunal's decision, finding that the appellant failed to provide adequate evidence or justification for the cash loan transaction. The Court deemed the concurrent findings of the AO, CIT(A), and Tribunal reasonable, concluding that no substantial question of law warranted interference. Case-Laws Income Tax Fri, 14 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247509