https://www.taxtmi.com/caselaws?id=178345 The tribunal upheld the decision of the Ld. CIT(A) to delete the penalty u/s 271E for both transactions. The repayment to M/s. Perfect Softech P. Ltd. was made through an accounts payee cheque and the transfer of loan between connected concerns did not contravene Section 269T. The appeal of the revenue was dismissed on 18th Feb., 2010. en-us Thu, 18 Feb 2010 00:00:00 +0530 Tue, 02 Feb 2016 16:53:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178345 The tribunal upheld the decision of the Ld. CIT(A) to delete the penalty u/s 271E for both transactions. The repayment to M/s. Perfect Softech P. Ltd. was made through an accounts payee cheque and the transfer of loan between connected concerns did not contravene Section 269T. The appeal of the revenue was dismissed on 18th Feb., 2010. Case-Laws Income Tax Thu, 18 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178345