https://www.taxtmi.com/caselaws?id=373715 The Tribunal set aside the order passed by the CIT(E) under section 263 and allowed the appeal filed by the assessee, holding that the AO's order was neither erroneous nor prejudicial to the interests of the Revenue. The Tribunal found that the CIT(E) was not justified in invoking section 263 as the AO had considered the applicability of section 2(15) and accepted the assessee's explanations after due consideration. The Tribunal referenced previous decisions supporting the assessee's charitable activities and concluded in favor of the assessee. en-us Mon, 14 Jan 2019 00:00:00 +0530 Fri, 18 Jan 2019 09:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373715 The Tribunal set aside the order passed by the CIT(E) under section 263 and allowed the appeal filed by the assessee, holding that the AO's order was neither erroneous nor prejudicial to the interests of the Revenue. The Tribunal found that the CIT(E) was not justified in invoking section 263 as the AO had considered the applicability of section 2(15) and accepted the assessee's explanations after due consideration. The Tribunal referenced previous decisions supporting the assessee's charitable activities and concluded in favor of the assessee. Case-Laws Income Tax Mon, 14 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373715