https://www.taxtmi.com/caselaws?id=330681 The Tribunal upheld the penalty under Section 271D, determining that the cash received constituted a loan or deposit, breaching Section 269SS. The plea for reasonable cause under Section 273B was rejected due to the absence of valid reasons for accepting cash despite access to banking facilities. The appeal was dismissed, and the penalty was affirmed. en-us Wed, 27 Jul 2016 00:00:00 +0530 Tue, 02 Aug 2016 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330681 The Tribunal upheld the penalty under Section 271D, determining that the cash received constituted a loan or deposit, breaching Section 269SS. The plea for reasonable cause under Section 273B was rejected due to the absence of valid reasons for accepting cash despite access to banking facilities. The appeal was dismissed, and the penalty was affirmed. Case-Laws Income Tax Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330681