https://www.taxtmi.com/caselaws?id=283721 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to cancel the penalty imposed under Section 271D. The Tribunal held that the transactions between the assessee and his daughter were genuine, conducted under a bonafide belief, and did not attract the provisions of Section 269SS. The appeal filed by the Revenue was dismissed, and the order was pronounced in the open Court on July 31, 2017. en-us Mon, 31 Jul 2017 00:00:00 +0530 Wed, 09 Oct 2019 10:04:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283721 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to cancel the penalty imposed under Section 271D. The Tribunal held that the transactions between the assessee and his daughter were genuine, conducted under a bonafide belief, and did not attract the provisions of Section 269SS. The appeal filed by the Revenue was dismissed, and the order was pronounced in the open Court on July 31, 2017. Case-Laws Income Tax Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283721