1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.2645 OF 2009 The Commissioner of Income Tax – IV, Pune ..Appellant. Versus Sharada Yantramag Vinkar Sahakari Soot Girni ..Respondent. Mr.Vimal Gupta for the appellant. None for the respondent. CORAM : Dr.D.Y. Chandrachud & J.P. Devadhar, JJ. DATE : 8 June, 2010. P.C. : 1. The Tribunal has deleted a penalty that was imposed under Section 271E of the Income-tax Act, 1961. Certain payments were made by the assessee, which is a Cooperative Society, in cash in amounts exceeding Rs.20,000/-. The explanation which has been offered by the Cooperative Society has been accepted by the Tribunal as reasonable & bona fide. 2. In that view of the matter, in the facts of the present case, we do not consider that any substantial question of law would arise. The appeal is accordingly dismissed. There shall be no order as to costs. (J.P. Devadhar, J.) (Dr.D.Y. Chandrachud, J.)