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1993 (4) TMI 100 - ITAT COCHIN
Extract:
.......e of the transactions and the circumstances of its case. Bona fide belief coupled with the genuineness of the transactions will constitute reasonable cause for not invoking the provisions of sections 271D and 271E. In this view of the matter also we cancel the order of penalty under sections 271D and 271E. 13. In the result, the appeals are allowed
