https://www.taxtmi.com/highlights?id=54744 Penalty u/s 271D and 271E - violation of provision of section 269SS and 269T - Loan or deposits in Cash - Belief on the part of the assessee in view of the past history of the case that deposit/repayment by its members in cash is bonafide belief - Considering the bonafide and genuine transaction, reasonable cause in terms of section 273B of the Act, exist in the case of the assessee - Penalty deleted - AT en-us Sat, 12 Sep 2020 14:29:01 +0530 Sat, 12 Sep 2020 14:29:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54744 Penalty u/s 271D and 271E - violation of provision of section 269SS and 269T - Loan or deposits in Cash - Belief on the part of the assessee in view of the past history of the case that deposit/repayment by its members in cash is bonafide belief - Considering the bonafide and genuine transaction, reasonable cause in terms of section 273B of the Act, exist in the case of the assessee - Penalty deleted - AT Highlights Income Tax Sat, 12 Sep 2020 14:29:01 +0530 https://www.taxtmi.com/highlights?id=54744