https://www.taxtmi.com/caselaws?id=358585 The Tribunal allowed the assessee's appeal, ruling that the CIT's invocation of Section 263 was not justified as it did not cause prejudice to the Revenue. The matter was restored to the CIT(A) for reconsideration of the proviso to Section 2(15) and the exemption under Section 11. The appeal was allowed for statistical purposes. en-us Tue, 20 Mar 2018 00:00:00 +0530 Sat, 14 Apr 2018 07:17:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358585 The Tribunal allowed the assessee's appeal, ruling that the CIT's invocation of Section 263 was not justified as it did not cause prejudice to the Revenue. The matter was restored to the CIT(A) for reconsideration of the proviso to Section 2(15) and the exemption under Section 11. The appeal was allowed for statistical purposes. Case-Laws Income Tax Tue, 20 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358585