https://www.taxtmi.com/highlights?id=61259 Levy of penalty u/s.271D/271E - transaction by passing a journal entry - proof of reasonable cause u/s 273B - the business constraint and exigency and administrative convenience itself constitutes reasonable cause within the meaning of section 273B of the Act . Hence no penalty u/s 271D and 271E of the Act could be invoked for the same - AT en-us Mon, 03 Jan 2022 10:37:28 +0530 Mon, 03 Jan 2022 10:37:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61259 Levy of penalty u/s.271D/271E - transaction by passing a journal entry - proof of reasonable cause u/s 273B - the business constraint and exigency and administrative convenience itself constitutes reasonable cause within the meaning of section 273B of the Act . Hence no penalty u/s 271D and 271E of the Act could be invoked for the same - AT Highlights Income Tax Mon, 03 Jan 2022 10:37:28 +0530 https://www.taxtmi.com/highlights?id=61259