https://www.taxtmi.com/caselaws?id=177011 The Tribunal upheld the cancellation of the penalty under section 271D for a loan transaction made through journal entries, citing precedents and consistent interpretation that penalties are not attracted for such transactions, as per previous Tribunal decisions. The revenue's appeal against the cancellation was dismissed, affirming the decision based on the law's interpretation regarding transactions through journal entries. en-us Fri, 21 Jan 2011 00:00:00 +0530 Fri, 01 Jan 2016 14:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177011 The Tribunal upheld the cancellation of the penalty under section 271D for a loan transaction made through journal entries, citing precedents and consistent interpretation that penalties are not attracted for such transactions, as per previous Tribunal decisions. The revenue's appeal against the cancellation was dismissed, affirming the decision based on the law's interpretation regarding transactions through journal entries. Case-Laws Income Tax Fri, 21 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177011