https://www.taxtmi.com/caselaws?id=433137 The Tribunal allowed the appeal, canceling the penalty of Rs. 4,78,000 imposed under section 271D of the Income Tax Act, 1961 for the Assessment Year 2013-14. The decision was based on the establishment of a reasonable cause for the clerical error in depositing the loan amount, which was promptly rectified. en-us Fri, 30 Dec 2022 00:00:00 +0530 Sun, 22 Jan 2023 20:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433137 The Tribunal allowed the appeal, canceling the penalty of Rs. 4,78,000 imposed under section 271D of the Income Tax Act, 1961 for the Assessment Year 2013-14. The decision was based on the establishment of a reasonable cause for the clerical error in depositing the loan amount, which was promptly rectified. Case-Laws Income Tax Fri, 30 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433137