https://www.taxtmi.com/caselaws?id=442818 The Tribunal allowed the appeal, finding the penalty under Section 271D unjustified as the loan was accepted through banking channels with no cash transactions involved. The appellant, an agriculturist, provided documentary evidence supporting this claim, leading to the dismissal of the penalty for A.Ys. 2013-14 and 2016-17. en-us Fri, 14 Jul 2023 00:00:00 +0530 Mon, 11 Sep 2023 22:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442818 The Tribunal allowed the appeal, finding the penalty under Section 271D unjustified as the loan was accepted through banking channels with no cash transactions involved. The appellant, an agriculturist, provided documentary evidence supporting this claim, leading to the dismissal of the penalty for A.Ys. 2013-14 and 2016-17. Case-Laws Income Tax Fri, 14 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442818