https://www.taxtmi.com/caselaws?id=328049 The Tribunal allowed the Revenue's appeals, reversing the deletion of penalties under Section 271D and confirming penalties under Section 271E. The judgment highlighted the lack of reasonable cause for the cash transactions, emphasizing the importance of adhering to statutory provisions and justifying the imposition of penalties. en-us Fri, 22 Apr 2016 00:00:00 +0530 Mon, 23 May 2016 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328049 The Tribunal allowed the Revenue's appeals, reversing the deletion of penalties under Section 271D and confirming penalties under Section 271E. The judgment highlighted the lack of reasonable cause for the cash transactions, emphasizing the importance of adhering to statutory provisions and justifying the imposition of penalties. Case-Laws Income Tax Fri, 22 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328049