https://www.taxtmi.com/caselaws?id=373118 The Tribunal allowed the appeal, ruling that the penalty under section 271D was unsustainable as transactions between close relatives for family purposes do not fall under section 269SS. The imposed penalty of Rs. 3,20,000 was deleted. en-us Wed, 02 Jan 2019 00:00:00 +0530 Sat, 05 Jan 2019 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373118 The Tribunal allowed the appeal, ruling that the penalty under section 271D was unsustainable as transactions between close relatives for family purposes do not fall under section 269SS. The imposed penalty of Rs. 3,20,000 was deleted. Case-Laws Income Tax Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373118