https://www.taxtmi.com/caselaws?id=171663 The Tribunal dismissed all appeals filed by the assessee, confirming penalties under Sections 271D and 271E for violations of Sections 269SS and 269T of the Income Tax Act. The Tribunal emphasized compliance with tax laws, requiring substantial evidence to justify deviations. It noted the assessee's failure to provide explanations or attend hearings, upholding penalties due to lack of reasonable cause for cash transactions. Compliance with legal provisions and the necessity of evidence were underscored, with penalties upheld in the absence of valid justifications. en-us Thu, 29 May 2014 00:00:00 +0530 Wed, 29 Jul 2015 07:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171663 The Tribunal dismissed all appeals filed by the assessee, confirming penalties under Sections 271D and 271E for violations of Sections 269SS and 269T of the Income Tax Act. The Tribunal emphasized compliance with tax laws, requiring substantial evidence to justify deviations. It noted the assessee's failure to provide explanations or attend hearings, upholding penalties due to lack of reasonable cause for cash transactions. Compliance with legal provisions and the necessity of evidence were underscored, with penalties upheld in the absence of valid justifications. Case-Laws Income Tax Thu, 29 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171663