https://www.taxtmi.com/caselaws?id=171664 The Tribunal allowed the appeals, deleting penalties under Section 271E for all cases due to reasonable cause shown for cash transactions and proper recording of loan transactions. The decision emphasized judicial discretion and consideration of circumstances in imposing penalties for non-compliance with statutory obligations. en-us Thu, 31 Oct 2013 00:00:00 +0530 Wed, 29 Jul 2015 07:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171664 The Tribunal allowed the appeals, deleting penalties under Section 271E for all cases due to reasonable cause shown for cash transactions and proper recording of loan transactions. The decision emphasized judicial discretion and consideration of circumstances in imposing penalties for non-compliance with statutory obligations. Case-Laws Income Tax Thu, 31 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171664