https://www.taxtmi.com/caselaws?id=254580 The tribunal partially allowed the appeal, reducing the penalty imposed under section 271D for one of the cash loans received by the appellant. The judgment emphasizes the strict interpretation of statutory provisions regarding cash transactions and the importance of demonstrating a reasonable cause for accepting cash loans to avoid penalties. en-us Fri, 12 Dec 2014 00:00:00 +0530 Fri, 26 Dec 2014 08:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254580 The tribunal partially allowed the appeal, reducing the penalty imposed under section 271D for one of the cash loans received by the appellant. The judgment emphasizes the strict interpretation of statutory provisions regarding cash transactions and the importance of demonstrating a reasonable cause for accepting cash loans to avoid penalties. Case-Laws Income Tax Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254580