https://www.taxtmi.com/caselaws?id=9347 The High Court upheld the Tribunal's decision in favor of the assessees, dismissing the appeals related to contraventions of the Income-tax Act sections 269T and 271E. The court found the explanations provided by the assessees for cash repayments to be reasonable, considering the provisions of section 273B. The Tribunal's acceptance of justifications for cash payments, especially in cases involving specific circumstances like lady depositors without bank accounts, was deemed valid. As no substantial question of law was raised, the appeals were ultimately dismissed. en-us Wed, 26 Oct 2005 00:00:00 +0530 Mon, 22 Jun 2009 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9347 The High Court upheld the Tribunal's decision in favor of the assessees, dismissing the appeals related to contraventions of the Income-tax Act sections 269T and 271E. The court found the explanations provided by the assessees for cash repayments to be reasonable, considering the provisions of section 273B. The Tribunal's acceptance of justifications for cash payments, especially in cases involving specific circumstances like lady depositors without bank accounts, was deemed valid. As no substantial question of law was raised, the appeals were ultimately dismissed. Case-Laws Income Tax Wed, 26 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9347