https://www.taxtmi.com/highlights?id=73987 Stay of demand / waiver of pre-deposit - Penalty u/s 271E - Allegation of cash transactions - whereas there were adjustments by way of book entries - When such being the case, initiation of proceedings against the petitioner appears to have been made under an wrong assumption that there was cash transaction. - Appellate authorities directed to consider the case afresh without insisting pre-deposit - HC en-us Fri, 05 Jan 2024 11:30:41 +0530 Fri, 05 Jan 2024 11:30:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73987 Stay of demand / waiver of pre-deposit - Penalty u/s 271E - Allegation of cash transactions - whereas there were adjustments by way of book entries - When such being the case, initiation of proceedings against the petitioner appears to have been made under an wrong assumption that there was cash transaction. - Appellate authorities directed to consider the case afresh without insisting pre-deposit - HC Highlights Income Tax Fri, 05 Jan 2024 11:30:41 +0530 https://www.taxtmi.com/highlights?id=73987