2019 (1) TMI 1719 - SCH - Income Tax

Penalty u/s 271D - failure to comply with Section 269SS - reasonable cause u/s 273B for entering into such transactions through journal entries - Tribunal holds that the failure to comply with Section 269SS was on account of reasonable cause on the part of the respondents - HELD THAT - No good ground to entertain this petition. The Special Leave Petition is dismissed. Pending application(s) if any stand disposed of.

Summary

The Supreme Court dismissed the Special Leave Petition, citing no good ground to entertain it. Delay was condoned, and any pending applications were disposed of.