https://www.taxtmi.com/highlights?id=67485 Penalty levied u/s. 271D - transactions through journal entries - assessee shall be deemed to have had reasonable cause to receive the deposits/loans through journal entries on account of various judgments/orders holding that journal entries in the book of accounts indicating deposit/loans did not fall foul of Section 269SS of the Act, which would also be a reasonable cause under Section 273B of the Act for non-imposition of penalty under Section 271D - AT en-us Wed, 04 Jan 2023 08:30:20 +0530 Wed, 04 Jan 2023 08:30:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67485 Penalty levied u/s. 271D - transactions through journal entries - assessee shall be deemed to have had reasonable cause to receive the deposits/loans through journal entries on account of various judgments/orders holding that journal entries in the book of accounts indicating deposit/loans did not fall foul of Section 269SS of the Act, which would also be a reasonable cause under Section 273B of the Act for non-imposition of penalty under Section 271D - AT Highlights Income Tax Wed, 04 Jan 2023 08:30:20 +0530 https://www.taxtmi.com/highlights?id=67485