https://www.taxtmi.com/caselaws?id=413724 The Tribunal allowed the appeals, deleting the penalties for both assessment years, as the Assessee fulfilled the conditions specified in the proviso to Section 206C(6A) by providing Form 27BA and income tax returns, ensuring no loss to the Revenue. The penalty under Section 271CA was found unjustified due to compliance with tax collection conditions, leading to the penalty's deletion. en-us Mon, 23 Aug 2021 00:00:00 +0530 Tue, 19 Oct 2021 08:23:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413724 The Tribunal allowed the appeals, deleting the penalties for both assessment years, as the Assessee fulfilled the conditions specified in the proviso to Section 206C(6A) by providing Form 27BA and income tax returns, ensuring no loss to the Revenue. The penalty under Section 271CA was found unjustified due to compliance with tax collection conditions, leading to the penalty's deletion. Case-Laws Income Tax Mon, 23 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413724