https://www.taxtmi.com/caselaws?id=380120 The Tribunal allowed the appeal, deleting the penalty levied under Section 271D of the Income Tax Act against the assessee. The Tribunal found that the cash loans taken for the sister's marriage were genuine, repaid through banking channels, and justified under Section 273B. The penalty imposition was deemed unreasonable, considering the circumstances, and the appeal was allowed on 10th May 2019. en-us Fri, 10 May 2019 00:00:00 +0530 Mon, 13 May 2019 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380120 The Tribunal allowed the appeal, deleting the penalty levied under Section 271D of the Income Tax Act against the assessee. The Tribunal found that the cash loans taken for the sister's marriage were genuine, repaid through banking channels, and justified under Section 273B. The penalty imposition was deemed unreasonable, considering the circumstances, and the appeal was allowed on 10th May 2019. Case-Laws Income Tax Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380120