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2019 (2) TMI 1367 - AT - Income TaxPenalty u/s 271E - assessee collected certain deposits in cash exceeding ₹ 20,000/- - HELD THAT:- In appellant’s own case for AYs 1993-94, 1999-00, 2000-01, 2001-02, 2002-03, 2003-04, 2004-05 & 2005-06 wherein penalty imposed by Additional CIT has been deleted the on the same issue of levy of penalty u/s 27IE holding the appellant to have reasonable cause as contemplated in Section 273B. The facts of the present case are the same as in earlier years and find no reason to differ with the view taken by my predecessor. - Decided against revenue.
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