https://www.taxtmi.com/caselaws?id=183768 The Tribunal allowed the appeals, holding that penalties under Section 271E were not imposable due to the existence of reasonable cause for cash repayments, which were genuine and not aimed at evading tax. The order was pronounced on 17th December 2015. en-us Thu, 17 Dec 2015 00:00:00 +0530 Tue, 21 Jun 2016 10:44:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183768 The Tribunal allowed the appeals, holding that penalties under Section 271E were not imposable due to the existence of reasonable cause for cash repayments, which were genuine and not aimed at evading tax. The order was pronounced on 17th December 2015. Case-Laws Income Tax Thu, 17 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183768