In the result, the appeal of the assessee is allowed
Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2016-17
charitable trust and had received the amount of Rs.15,64,50,000 in cash from one of its trustees, viz., Sh. K Muniraju. The default, if any, was of a technical or venial nature for which the assessee was not liable to penalty u/s. 271D of the Act. 11. On the other hand, the ld. DR submitted that there