https://www.taxtmi.com/caselaws?id=259596 The Tribunal allowed the assessee's appeals, deleting penalties under Sections 271D and 271E of the Income Tax Act. Transactions conducted through journal entries, with genuine reasons and no involvement of unaccounted money, were deemed to constitute reasonable cause under Section 273B, exempting the assessee from penalties for violations of Sections 269SS and 269T. en-us Wed, 15 Apr 2015 00:00:00 +0530 Fri, 15 May 2015 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259596 The Tribunal allowed the assessee's appeals, deleting penalties under Sections 271D and 271E of the Income Tax Act. Transactions conducted through journal entries, with genuine reasons and no involvement of unaccounted money, were deemed to constitute reasonable cause under Section 273B, exempting the assessee from penalties for violations of Sections 269SS and 269T. Case-Laws Income Tax Wed, 15 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259596