Penalty deleted as cash EMI repayments to NBFC deemed reasonable cause under Section 273B, penalty under Section 271E quashed

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....The ITAT held that the assessee's repayment of loan EMIs in cash to an NBFC, a practice followed upon default, constituted reasonable cause under section 273B. The tribunal found the CIT(A) erred in rejecting the assessee's explanation for cash payments. Since the penalty under section 271E relates to the entire addition and the assessee satisfactorily demonstrated justification for the cash repayments, the penalty was deleted. The assessee's appeal was allowed, resulting in the quashing of the penalty imposed for repayment of loan in cash otherwise than by prescribed modes.....