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Section 271E5 Section 143(3)2 Section 269T2

VIVEKANANDA SEVA KENDRA O SISHU UDDYAN,SOUTH 24 PARGANAS vs. JDIT, EXEMPTION, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 2595/KOL/2018[2011-12]Status: DisposedITAT Kolkata20 Mar 2020AY 2011-12

Bench: Shri S.S.Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.2595/Kol/2018 ("नधा"रणवष" / Assessment Year:2011-12)

For Appellant: NoneFor Respondent: Shri Dhrubajyoti Roy, JCIT

Section 12ASection 143(3)Section 269TSection 271E

Trust vs. Assistant CIT (2006) 99 TTJ Agra 212 on having found the loans genuine and fully used for the charitable purposes. Penalty in relation to loan transactions had been deleted. Lastly the repayment having been made through bank deposits and also at the behest of the lender there had existed extenuating and compelling circumstances for resorting to such mode