https://www.taxtmi.com/highlights?id=27245 AO initiated the penalty u/s 271E for violation of sec. 269TT, but levied penalty u/s 271D for violation of the provisions of sec. 269SS. From this conduct of the AO, it was clear that the Assessing Officer did not applied his mind before levying penalty - assessee has not accepted the loan or deposit in contravention of the provisions of sec. 269SS - No penalty - AT en-us Mon, 08 Feb 2016 12:46:52 +0530 Mon, 08 Feb 2016 12:46:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27245 AO initiated the penalty u/s 271E for violation of sec. 269TT, but levied penalty u/s 271D for violation of the provisions of sec. 269SS. From this conduct of the AO, it was clear that the Assessing Officer did not applied his mind before levying penalty - assessee has not accepted the loan or deposit in contravention of the provisions of sec. 269SS - No penalty - AT Highlights Income Tax Mon, 08 Feb 2016 12:46:52 +0530 https://www.taxtmi.com/highlights?id=27245