https://www.taxtmi.com/caselaws?id=348952 The High Court dismissed the review petition challenging the Income Tax Appellate Tribunal's order imposing a penalty under Section 271D of the Income Tax Act. The Court upheld the Tribunal's decision, emphasizing that the property described in the agreement as 0.20 cents was correctly interpreted as 20 Sq. Links. The Court found no fault with the Tribunal's reasoning and concluded that the other grounds provided for the penalty were valid and independent of the property extent issue. Therefore, the Court affirmed the Tribunal's order and penalty under Section 271D. en-us Wed, 16 Aug 2017 00:00:00 +0530 Tue, 03 Oct 2017 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348952 The High Court dismissed the review petition challenging the Income Tax Appellate Tribunal's order imposing a penalty under Section 271D of the Income Tax Act. The Court upheld the Tribunal's decision, emphasizing that the property described in the agreement as 0.20 cents was correctly interpreted as 20 Sq. Links. The Court found no fault with the Tribunal's reasoning and concluded that the other grounds provided for the penalty were valid and independent of the property extent issue. Therefore, the Court affirmed the Tribunal's order and penalty under Section 271D. Case-Laws Income Tax Wed, 16 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348952