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2018 (2) TMI 966 - AT - Income TaxRevision u/s 263 - as per CIT-A assessee was not eligible for deduction u/s 11 and 12 of the I.T.Act and the status of the assessee should be treated as an A.O.P. - Held that:- The Cochin Bench of the Tribunal had held in assessee’s own case for assessment year 2010- 2011 [2018 (2) TMI 857 - ITAT COCHIN] that activities of the assessee are charitable in nature and was not hit by the proviso to section 2(15) of the I.T.Act, and consequently, the assessee was entitled to exemption u/s 11 and 12 of the I.T.Act. As we hold that there is no error in the assessment orders for earlier assessment years in granting exemption u/s 11 and 12 of the I.T.Act the revisionary order passed u/s 263 is bad in law. - Decided in favour of assessee
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