Penalty u/s 271(1)(c) - trust denied exemption u/s 11 on the ground that income from running of...

Penalty u/s 271(1)(c) - trust denied exemption u/s 11 on the ground that income from running of newspaper had not been applied for charitable purposes - it cannot be said that the assessee had concealed the particulars of its income or had furnished inaccurate particulars of such income - no penalty - AT .....

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