https://www.taxtmi.com/caselaws?id=416611 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions to delete penalties under Sections 271D and 271E of the Income Tax Act, 1961. The Tribunal found the transactions genuine, conducted in the normal course of business, without intent to evade tax, and with reasonable cause under Section 273B, exempting the assessee from penalties. en-us Thu, 25 Nov 2021 00:00:00 +0530 Sun, 02 Jan 2022 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416611 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions to delete penalties under Sections 271D and 271E of the Income Tax Act, 1961. The Tribunal found the transactions genuine, conducted in the normal course of business, without intent to evade tax, and with reasonable cause under Section 273B, exempting the assessee from penalties. Case-Laws Income Tax Thu, 25 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416611