https://www.taxtmi.com/highlights?id=73587 Revision u/s 263 - exemption u/s 11(2) - all the technical requirements were duly fulfilled by the assessee along with satisfactory response to the queries raised through notice under section 142(1). The only objection raised by the learned Commissioner of Income-tax (Exemptions) through notice issued u/s 263 was that the assessee has not specifically mentioned the purpose of accumulation, is not a valid objection for which proceedings u/s 263 cannot be carried out. - Revision order set aside - AT en-us Fri, 15 Dec 2023 13:35:04 +0530 Fri, 15 Dec 2023 13:35:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73587 Revision u/s 263 - exemption u/s 11(2) - all the technical requirements were duly fulfilled by the assessee along with satisfactory response to the queries raised through notice under section 142(1). The only objection raised by the learned Commissioner of Income-tax (Exemptions) through notice issued u/s 263 was that the assessee has not specifically mentioned the purpose of accumulation, is not a valid objection for which proceedings u/s 263 cannot be carried out. - Revision order set aside - AT Highlights Income Tax Fri, 15 Dec 2023 13:35:04 +0530 https://www.taxtmi.com/highlights?id=73587