JERMELS ACCADEMY,DARJEELING vs. ITO, WARD 2(2), EXEMP,, SILIGURI

In the result, all the 3 appeals filed by the Assessee are partly\nallowed for statistical purposes

section 271B of the Income Tax Act, 1961.\n3. For that on the facts and in the circumstances of the case, has erred in\nconfirming the penalty of ₹1,50,000/- levied u/s 271B of the Act, without\nappreciating that the appellant is a charitable trust

JERMELS ACCADEMY ,DARJEELING vs. ITO, WARD 2(2), EXEMP, , SILIGURI

section 271B of the Income Tax Act, 1961.\n3. For that on the facts and in the circumstances of the case, has erred in\nconfirming the penalty of ₹1,50,000/- levied u/s 271B of the Act, without\nappreciating that the appellant is a charitable trust