https://www.taxtmi.com/caselaws?id=394904 The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to delete the penalty levied under Section 271D of the Income Tax Act, 1961. The Tribunal found that the transactions were genuine, carried out in the normal course of business, and that there was a reasonable cause for the contravention of Section 269SS. The decision was consistent with previous rulings in similar cases within the same group and legal positions clarified by higher courts. en-us Thu, 20 Feb 2020 00:00:00 +0530 Wed, 29 Apr 2020 09:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394904 The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to delete the penalty levied under Section 271D of the Income Tax Act, 1961. The Tribunal found that the transactions were genuine, carried out in the normal course of business, and that there was a reasonable cause for the contravention of Section 269SS. The decision was consistent with previous rulings in similar cases within the same group and legal positions clarified by higher courts. Case-Laws Income Tax Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394904