Revision u/s 263 - claim of exemption u/s. 11 & 12 - Simply on ...

Income Tax

November 22, 2023

Revision u/s 263 - claim of exemption u/s. 11 & 12 - Simply on the judgment of Hon’ble Supreme Court in the case of Ahmedabad Urban Development Authority, supra, the revision is not possible. - The CIT(Exemption) has not at all deliberated how the assessee has violated the proviso to the provision of section 2(15) of the Act and how the AO has not examined the issue. - Revision order quashed - AT

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Revision u/s 263 - claim of exemption u/s. 11 & 12 - Simply on ...

Income Tax

November 22, 2023

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