https://www.taxtmi.com/caselaws?id=379084 The Tribunal allowed the appeal, canceling the penalty imposed under section 271D for taking unsecured loans in cash from relatives, as it was deemed not to violate section 269SS. Precedents where penalties were revoked in similar cases involving loans between relatives supported this decision, ensuring a consistent legal interpretation in such situations. en-us Wed, 24 Apr 2019 00:00:00 +0530 Sat, 27 Apr 2019 06:39:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379084 The Tribunal allowed the appeal, canceling the penalty imposed under section 271D for taking unsecured loans in cash from relatives, as it was deemed not to violate section 269SS. Precedents where penalties were revoked in similar cases involving loans between relatives supported this decision, ensuring a consistent legal interpretation in such situations. Case-Laws Income Tax Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379084