Charitable Trust Gets Second Chance: ITAT Orders Re-examination of Penalty u/s 271(1)(b) [Read Order]

The Tribunal observed that the trust had not effectively demonstrated its case during the earlier proceedings and found merit in the plea for re-examination
Charitable Trust - ITAT Orders - Re-examination of Penalty - taxscan

The Income Tax Appellate Tribunal (ITAT), Patna Bench, has ordered a fresh adjudication in the matter of Narayani Educational Health And Charitable Trust, which had challenged the confirmation of penalty imposed under Section 271(1)(b) of the Income Tax Act. The decision pertains to three appeals relating to Assessment Years 2013–14, 2015–16, and 2016–17. Narayani Educational…

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