https://www.taxtmi.com/caselaws?id=328187 The tribunal allowed both appeals of the assessee, quashing the penalties under Sections 271D and 271E for violations of Sections 269SS and 269T, respectively. The tribunal emphasized the bona fide nature of the transactions, the reasonable cause, and the absence of tax evasion or unaccounted income. en-us Fri, 08 Apr 2016 00:00:00 +0530 Fri, 27 May 2016 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328187 The tribunal allowed both appeals of the assessee, quashing the penalties under Sections 271D and 271E for violations of Sections 269SS and 269T, respectively. The tribunal emphasized the bona fide nature of the transactions, the reasonable cause, and the absence of tax evasion or unaccounted income. Case-Laws Income Tax Fri, 08 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328187