https://www.taxtmi.com/caselaws?id=326843 The Tribunal concluded that the penalty imposed under Section 271G of the Income Tax Act was unjustified as the assessee had substantially complied with the provisions of Rule 10D. The penalty of ? 2,85,00,100/- was canceled due to the lack of specific findings on non-furnished documents and the reasonable cause for the delay. The appeal filed by the assessee was allowed, overturning the penalty confirmed by the CIT(A). en-us Fri, 22 Apr 2016 00:00:00 +0530 Tue, 26 Apr 2016 10:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326843 The Tribunal concluded that the penalty imposed under Section 271G of the Income Tax Act was unjustified as the assessee had substantially complied with the provisions of Rule 10D. The penalty of ? 2,85,00,100/- was canceled due to the lack of specific findings on non-furnished documents and the reasonable cause for the delay. The appeal filed by the assessee was allowed, overturning the penalty confirmed by the CIT(A). Case-Laws Income Tax Fri, 22 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326843