https://www.taxtmi.com/caselaws?id=264434 The Tribunal allowed the appeals of the appellant, setting aside the penalty orders under sections 271D and 271E. The decision was announced in open court, granting relief based on the bonafide belief in the transactions with directors and shareholders, establishing a reasonable cause under Section 273B of the Act. en-us Wed, 10 Jun 2015 00:00:00 +0530 Fri, 25 Sep 2015 07:31:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264434 The Tribunal allowed the appeals of the appellant, setting aside the penalty orders under sections 271D and 271E. The decision was announced in open court, granting relief based on the bonafide belief in the transactions with directors and shareholders, establishing a reasonable cause under Section 273B of the Act. Case-Laws Income Tax Wed, 10 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264434