https://www.taxtmi.com/caselaws?id=326788 The Tribunal held that the penalty under Section 271D was not validly levied due to the debatable nature of the issue and the reasonable cause demonstrated by the assessee. The appeal was allowed, and the penalty was canceled. en-us Tue, 08 Mar 2016 00:00:00 +0530 Mon, 25 Apr 2016 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326788 The Tribunal held that the penalty under Section 271D was not validly levied due to the debatable nature of the issue and the reasonable cause demonstrated by the assessee. The appeal was allowed, and the penalty was canceled. Case-Laws Income Tax Tue, 08 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326788