https://www.taxtmi.com/caselaws?id=55152 The Tribunal allowed the assessee's appeals by condoning the delay in filing appeals and deleting penalties under sections 271D and 271E. The delay was excused due to reasonable cause, allowing the appeals to be filed beyond the original deadline. Regarding penalties, the Tribunal found no wilful neglect in accepting loans in cash and noted that the penalty for cash repayment of loans was not applicable in the relevant assessment year. Consequently, the penalties were deleted based on the specific circumstances and legal provisions applicable during the assessment years involved. en-us Fri, 30 Jul 2004 00:00:00 +0530 Wed, 18 Jul 2012 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55152 The Tribunal allowed the assessee's appeals by condoning the delay in filing appeals and deleting penalties under sections 271D and 271E. The delay was excused due to reasonable cause, allowing the appeals to be filed beyond the original deadline. Regarding penalties, the Tribunal found no wilful neglect in accepting loans in cash and noted that the penalty for cash repayment of loans was not applicable in the relevant assessment year. Consequently, the penalties were deleted based on the specific circumstances and legal provisions applicable during the assessment years involved. Case-Laws Income Tax Fri, 30 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55152