https://www.taxtmi.com/caselaws?id=381319 The Tribunal allowed the appeal, setting aside the penalty imposed under sec. 271D for taking cash loans in violation of sec. 269SS. The decision was based on the exemption granted to family transactions under sec. 273B and supported by legal precedents. The Tribunal emphasized that loans between family members did not attract penalties and directed the deletion of the penalty imposed on the assessee. en-us Tue, 04 Jun 2019 00:00:00 +0530 Fri, 07 Jun 2019 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381319 The Tribunal allowed the appeal, setting aside the penalty imposed under sec. 271D for taking cash loans in violation of sec. 269SS. The decision was based on the exemption granted to family transactions under sec. 273B and supported by legal precedents. The Tribunal emphasized that loans between family members did not attract penalties and directed the deletion of the penalty imposed on the assessee. Case-Laws Income Tax Tue, 04 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381319