https://www.taxtmi.com/caselaws?id=443902 The penalties imposed under Sections 271D and 271E for the assessment years in question were deleted by the Tribunal. The penalties were based on alleged cash transactions without proper evidence or enquiries conducted by the assessing officer. The Tribunal found that the documents seized during the search did not conclusively demonstrate the violations under the Income-tax Act, leading to the deletion of all penalties and allowing the appeals of the assessee. en-us Thu, 18 May 2023 00:00:00 +0530 Thu, 05 Oct 2023 08:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443902 The penalties imposed under Sections 271D and 271E for the assessment years in question were deleted by the Tribunal. The penalties were based on alleged cash transactions without proper evidence or enquiries conducted by the assessing officer. The Tribunal found that the documents seized during the search did not conclusively demonstrate the violations under the Income-tax Act, leading to the deletion of all penalties and allowing the appeals of the assessee. Case-Laws Income Tax Thu, 18 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443902