https://www.taxtmi.com/caselaws?id=418954 The Tribunal upheld the penalty imposed under Section 271D for violating Section 269SS of the Income-tax Act, 1961. The assessee's failure to prove the cash receipts as genuine trading advances or provide a reasonable cause for the violation led to the dismissal of the appeal, with the penalty order remaining intact. The order was pronounced on 25th February 2022, with no cost awarded to the assessee. en-us Fri, 25 Feb 2022 00:00:00 +0530 Mon, 28 Feb 2022 08:34:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418954 The Tribunal upheld the penalty imposed under Section 271D for violating Section 269SS of the Income-tax Act, 1961. The assessee's failure to prove the cash receipts as genuine trading advances or provide a reasonable cause for the violation led to the dismissal of the appeal, with the penalty order remaining intact. The order was pronounced on 25th February 2022, with no cost awarded to the assessee. Case-Laws Income Tax Fri, 25 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418954