https://www.taxtmi.com/caselaws?id=278053 The Tribunal ruled in favor of the Assessees, finding that the transactions in question did not breach Section 269SS as they were standard business dealings and not classified as loans or deposits. Consequently, penalties under sections 271D and 271E were considered unjustified, leading to the allowance of the Assessees' appeals. en-us Fri, 08 Jun 2018 00:00:00 +0530 Sun, 06 Jan 2019 06:12:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278053 The Tribunal ruled in favor of the Assessees, finding that the transactions in question did not breach Section 269SS as they were standard business dealings and not classified as loans or deposits. Consequently, penalties under sections 271D and 271E were considered unjustified, leading to the allowance of the Assessees' appeals. Case-Laws Income Tax Fri, 08 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278053