https://www.taxtmi.com/caselaws?id=261235 The Tribunal allowed the appeal, setting aside the penalty under Section 271D of the Income Tax Act. The decision was based on the lack of direct evidence to establish the alleged violation of Section 269SS. The Tribunal emphasized the importance of concrete evidence in imposing tax penalties and the need for a factual basis for such actions. en-us Fri, 19 Sep 2014 00:00:00 +0530 Mon, 06 Jul 2015 12:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261235 The Tribunal allowed the appeal, setting aside the penalty under Section 271D of the Income Tax Act. The decision was based on the lack of direct evidence to establish the alleged violation of Section 269SS. The Tribunal emphasized the importance of concrete evidence in imposing tax penalties and the need for a factual basis for such actions. Case-Laws Income Tax Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261235