Case Law Analysis
|Income Tax Appellate Tribunal
Reasonable Cause Shields Taxpayer from Penalty Under Sections 271D & 271E | Bona Fide Loan Transactions for Education : ITAT Ahmedabad
ITAT Ahmedabad holds that reasonable cause for cash loans used for son's education negates penalties under Sections 271D and 271E, affirming Section 273B's discretionary relief.