https://www.taxtmi.com/highlights?id=26143 Penalty u/s. 271D and 271E - numerous cash deposits and repayment was made in cash - assessee has demonstrated the funds were arranged in cash on urgent requirement of the business which is in accordance with commercial expediency of assessee’s business - penalty waived - AT en-us Sun, 29 Nov 2015 22:36:30 +0530 Sun, 29 Nov 2015 22:36:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=26143 Penalty u/s. 271D and 271E - numerous cash deposits and repayment was made in cash - assessee has demonstrated the funds were arranged in cash on urgent requirement of the business which is in accordance with commercial expediency of assessee’s business - penalty waived - AT Highlights Income Tax Sun, 29 Nov 2015 22:36:30 +0530 https://www.taxtmi.com/highlights?id=26143