https://www.taxtmi.com/caselaws?id=283470 The Tribunal allowed the appeal, revoking the penalty of Rs. 5,00,000 imposed under section 271D for violating section 269SS. Relying on precedents and legal principles, the Tribunal concluded that since the transaction was found to be genuine based on previous rulings, the penalty was deemed unwarranted despite the technical violation. en-us Wed, 07 Dec 2016 00:00:00 +0530 Tue, 24 Sep 2019 15:45:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283470 The Tribunal allowed the appeal, revoking the penalty of Rs. 5,00,000 imposed under section 271D for violating section 269SS. Relying on precedents and legal principles, the Tribunal concluded that since the transaction was found to be genuine based on previous rulings, the penalty was deemed unwarranted despite the technical violation. Case-Laws Income Tax Wed, 07 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283470