Penalty Upheld for Cash Transactions Violating Income Tax Act's Section 269SS; No Reasonable Cause Found u/s 273B.

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....Penalty u/s 271D - violation of section 269SS - Reasonable Cause u/s 273B - The claim of the assessee is that receipt of money by way of cash itself is a reasonable cause - mere receipt of cash, itself cannot be a reasonable cause. - Penalty levied - AT....