https://www.taxtmi.com/caselaws?id=420623 The tribunal upheld the CIT(Exemptions)'s invocation of Section 263 despite a pending appeal before the CIT(A) due to the Assessing Officer's erroneous allowance of donation without proper verification. It found the AO's decision contradictory and upheld the CIT(Exemptions)'s revision of the assessment order. The tribunal remitted the issue of donation's allowability to the AO for reconsideration, leaving the denial of exemption under Section 11 and donation's eligibility for the AO's independent determination. The appeal was partially allowed, focusing on the donation's treatment rather than a complete reassessment. en-us Fri, 01 Apr 2022 00:00:00 +0530 Wed, 06 Apr 2022 09:09:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420623 The tribunal upheld the CIT(Exemptions)'s invocation of Section 263 despite a pending appeal before the CIT(A) due to the Assessing Officer's erroneous allowance of donation without proper verification. It found the AO's decision contradictory and upheld the CIT(Exemptions)'s revision of the assessment order. The tribunal remitted the issue of donation's allowability to the AO for reconsideration, leaving the denial of exemption under Section 11 and donation's eligibility for the AO's independent determination. The appeal was partially allowed, focusing on the donation's treatment rather than a complete reassessment. Case-Laws Income Tax Fri, 01 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420623