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2004 (10) TMI 304 - AT - Income TaxExtract: .......ted the loan in cash without any reasonable cause from the depositor, then the Dy. CIT has rightly imposed the penalty under s. 271D of the Act. In view of this, we confirm the order of the CIT(A) confirming penalty levied by Dy. CIT under s. 271D in accepting cash exceeding Rs. 20,000 or more. 13. In the result, the assessee s appeal is dismissed.
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