https://www.taxtmi.com/caselaws?id=286949 The Tribunal allowed the appeal, canceling the penalty imposed under Section 271D. The decision was based on the interpretation of Sections 269SS, 269T, and 275, the nature of the transaction, and the technical and venial nature of the default. The Tribunal relied on various judicial precedents and CBDT Circular No. 387 to support its conclusions. en-us Thu, 20 Jan 2005 00:00:00 +0530 Sat, 21 Mar 2020 16:01:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286949 The Tribunal allowed the appeal, canceling the penalty imposed under Section 271D. The decision was based on the interpretation of Sections 269SS, 269T, and 275, the nature of the transaction, and the technical and venial nature of the default. The Tribunal relied on various judicial precedents and CBDT Circular No. 387 to support its conclusions. Case-Laws Income Tax Thu, 20 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286949