https://www.taxtmi.com/caselaws?id=280792 The appeal against canceling the penalty u/s 271D was dismissed as loans from family members for purchasing agricultural land were deemed genuine and not for tax evasion. The Ld. CIT (A) order was upheld based on reasonable cause under section 273B. en-us Fri, 18 Dec 2009 00:00:00 +0530 Tue, 21 May 2019 18:09:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280792 The appeal against canceling the penalty u/s 271D was dismissed as loans from family members for purchasing agricultural land were deemed genuine and not for tax evasion. The Ld. CIT (A) order was upheld based on reasonable cause under section 273B. Case-Laws Income Tax Fri, 18 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280792