ITAT: NLU Delhi Not Engaging In Business; Quashed Rs. 1.5 Lakh Penalty
Nithyakalyani Narayanan. V The Delhi Bench of Income Tax Appellate Tribunal (ITAT) quashed the Rs.1.5 lakh penalty imposed on NLU Delhi as per Section 271B of the Income Tax Act, stating that the University is not engaged in business but Read more