https://www.taxtmi.com/caselaws?id=394578 The Tribunal upheld the penalty under section 271D for receiving cash loans in violation of section 269SS of the Income Tax Act, dismissing the appeal. The decision highlighted the necessity of adhering to legal requirements and rejected ignorance of the law as a defense for non-compliance with tax regulations. en-us Thu, 06 Feb 2020 00:00:00 +0530 Fri, 17 Apr 2020 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394578 The Tribunal upheld the penalty under section 271D for receiving cash loans in violation of section 269SS of the Income Tax Act, dismissing the appeal. The decision highlighted the necessity of adhering to legal requirements and rejected ignorance of the law as a defense for non-compliance with tax regulations. Case-Laws Income Tax Thu, 06 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394578