https://www.taxtmi.com/caselaws?id=267726 The Tribunal found that the assessee had a reasonable cause for not strictly complying with Sections 269SS and 269T of the Income-Tax Act due to business exigencies. Consequently, penalties under Sections 271D and 271E were deemed unjustified and were deleted. The appeals filed by the assessee were allowed, setting aside the penalties imposed by the lower authorities. en-us Wed, 30 Sep 2015 00:00:00 +0530 Mon, 08 Aug 2022 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267726 The Tribunal found that the assessee had a reasonable cause for not strictly complying with Sections 269SS and 269T of the Income-Tax Act due to business exigencies. Consequently, penalties under Sections 271D and 271E were deemed unjustified and were deleted. The appeals filed by the assessee were allowed, setting aside the penalties imposed by the lower authorities. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267726