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2005 (2) TMI 90 - HC - Income TaxContravention of the provisions of section 269SS - penalty under section 271D - assessee had no reasonable cause for borrowing the amount in cash - in the exercise of the powers under section 260A of the Act, the findings of the fact of the Appellate Tribunal cannot be disturbed and there is no scope for interference by the High Court with a finding recorded, when such finding can be treated to be a finding of fact. We are therefore of the view that there is no substantial question of law that arises out of the order of the Appellate Tribunal as the Appellate Tribunal has rendered a finding of fact. Tribunal has rightly come to the conclusion that the penalty imposed was not warranted
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