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2019 (11) TMI 1790 - AT - Income TaxRevision u/s 263 by CIT - amount has been erroneously allowed as agricultural income by the Ld. AO which is exempt from the Act u/s. 10(1) because the Ld. Pr. CIT was of the view that the assessee company had departed from the basic agricultural operations and had indulged in production of parent seeds - HELD THAT:- We find merit in the submissions of the ld. AR. From the facts of the case, it is apparent that the Tribunal [2019 (2) TMI 49 - ITAT HYDERABAD] had quashed the order of the Pr. CIT passed u/s. 263 of the Act. Therefore, the order passed by the Ld. AO U/s. 143(3) r.w.s 263 of the Act does not survive. Accordingly, the Ld. CIT (A) had allowed the appeal of the assessee and restored the order of the ld. AO dated 30/3/2015. In this situation, we do not find any infirmity in the order passed by the Ld. CIT (A). Hence the appeal of the Revenue does not survive.
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