https://www.taxtmi.com/caselaws?id=307722 The Tribunal partially allowed the appeal in the case involving penalties under Sections 271D and 271E of the Income Tax Act. For Section 271D, the penalty for Rs. 7,03,368 was directed to be verified and potentially deleted, while the penalty for the remaining amount was upheld. Regarding Section 271E, the penalty of Rs. 5,00,000 was confirmed. The Tribunal also condoned the delay in filing appeals due to the firm's reasons. en-us Tue, 19 Jan 2016 00:00:00 +0530 Tue, 02 May 2023 21:34:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307722 The Tribunal partially allowed the appeal in the case involving penalties under Sections 271D and 271E of the Income Tax Act. For Section 271D, the penalty for Rs. 7,03,368 was directed to be verified and potentially deleted, while the penalty for the remaining amount was upheld. Regarding Section 271E, the penalty of Rs. 5,00,000 was confirmed. The Tribunal also condoned the delay in filing appeals due to the firm's reasons. Case-Laws Income Tax Tue, 19 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307722