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2009 (10) TMI 462 - PUNJAB & HARYANA HIGH COURT
Penalty- Whether on the facts and in the circumstances of the case (having violated the provision of section 269SS of the Act) the Income-tax Appellate Tribunal was right in law in deleting the penalty imposed under section 271D of the Income-tax Act, 1961 ? held that- in view of the finding to the effect that the transaction was bona fide and the default was of technical nature the cancellation of penalty was justified.