https://www.taxtmi.com/caselaws?id=182307 The Tribunal confirmed the penalty under Section 271D for taking a loan in cash in violation of Section 269SS, as the assessee failed to provide a reasonable explanation. However, the penalty under Section 271E for repaying the loan in cash in violation of Section 269T was deleted due to compelling reasons, as the assessee was compelled to follow the terms of an unlicensed money lender. en-us Mon, 27 Oct 2014 00:00:00 +0530 Sat, 06 May 2017 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182307 The Tribunal confirmed the penalty under Section 271D for taking a loan in cash in violation of Section 269SS, as the assessee failed to provide a reasonable explanation. However, the penalty under Section 271E for repaying the loan in cash in violation of Section 269T was deleted due to compelling reasons, as the assessee was compelled to follow the terms of an unlicensed money lender. Case-Laws Income Tax Mon, 27 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182307