https://www.taxtmi.com/caselaws?id=193888 Penalty under section 271E for alleged violation of section 269T was held unsustainable where the Tribunal found that the transactions were genuine, transparent, and routed only through bank accounts without any cash or hidden dealings. On those factual findings, the foundation for the penalty did not survive, and the deletion of the penalty was upheld in favour of the assessee. en-us Thu, 19 Jan 2017 00:00:00 +0530 Mon, 21 Aug 2017 21:07:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193888 Penalty under section 271E for alleged violation of section 269T was held unsustainable where the Tribunal found that the transactions were genuine, transparent, and routed only through bank accounts without any cash or hidden dealings. On those factual findings, the foundation for the penalty did not survive, and the deletion of the penalty was upheld in favour of the assessee. Case-Laws Income Tax Thu, 19 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193888