https://www.taxtmi.com/caselaws?id=285018 The Tribunal allowed the appeals, canceling the penalties levied under ss. 271D and 271E. The decision was based on the retrospective application of penal provisions, the existence of reasonable cause, the binding precedent declaring s. 269SS ultra vires, and the improper imposition of penalties without proper verification. en-us Thu, 19 Aug 1993 00:00:00 +0530 Sat, 21 Dec 2019 14:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285018 The Tribunal allowed the appeals, canceling the penalties levied under ss. 271D and 271E. The decision was based on the retrospective application of penal provisions, the existence of reasonable cause, the binding precedent declaring s. 269SS ultra vires, and the improper imposition of penalties without proper verification. Case-Laws Income Tax Thu, 19 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285018