https://www.taxtmi.com/caselaws?id=255402 The Tribunal allowed the appeals of the assessee, setting aside the orders of the CIT(A) and deleting the penalties levied under section 271E of the Income-tax Act. The judgment emphasized that book entries do not fall under the purview of section 269T and, therefore, do not attract penalties under section 271E. The penalty orders were also found to be within the limitation period as per the correct interpretation of section 275(1)(c). en-us Wed, 10 Dec 2014 00:00:00 +0530 Fri, 16 Jan 2015 08:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255402 The Tribunal allowed the appeals of the assessee, setting aside the orders of the CIT(A) and deleting the penalties levied under section 271E of the Income-tax Act. The judgment emphasized that book entries do not fall under the purview of section 269T and, therefore, do not attract penalties under section 271E. The penalty orders were also found to be within the limitation period as per the correct interpretation of section 275(1)(c). Case-Laws Income Tax Wed, 10 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255402