https://www.taxtmi.com/highlights?id=69542 Penalty u/s 271E and 271D - cash deposits and repayment of deposits - assessee is a co-operative society involved in the activity of granting thrift and credit facilities to its members who are the taxi operators - none of the deposits or repayments have been doubted or found to be ingenuine - assessee has discharged the onus which lay upon it to establish the existence of reasonable cause for violation of the provision of section 269SS and 269T - No penalty - AT en-us Tue, 02 May 2023 14:33:58 +0530 Tue, 02 May 2023 14:33:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69542 Penalty u/s 271E and 271D - cash deposits and repayment of deposits - assessee is a co-operative society involved in the activity of granting thrift and credit facilities to its members who are the taxi operators - none of the deposits or repayments have been doubted or found to be ingenuine - assessee has discharged the onus which lay upon it to establish the existence of reasonable cause for violation of the provision of section 269SS and 269T - No penalty - AT Highlights Income Tax Tue, 02 May 2023 14:33:58 +0530 https://www.taxtmi.com/highlights?id=69542