https://www.taxtmi.com/caselaws?id=424396 The Tribunal allowed the appeals, concluding that the explanations provided constituted a reasonable cause under section 273B. The cash transactions were genuine and necessitated by urgent business needs, leading to the deletion of penalties imposed under section 271D for contravention of section 269SS of the Income Tax Act, 1961. The order was pronounced in the Court on 24th June 2022 at Ahmedabad. en-us Fri, 24 Jun 2022 00:00:00 +0530 Tue, 28 Jun 2022 22:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424396 The Tribunal allowed the appeals, concluding that the explanations provided constituted a reasonable cause under section 273B. The cash transactions were genuine and necessitated by urgent business needs, leading to the deletion of penalties imposed under section 271D for contravention of section 269SS of the Income Tax Act, 1961. The order was pronounced in the Court on 24th June 2022 at Ahmedabad. Case-Laws Income Tax Fri, 24 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424396