https://www.taxtmi.com/caselaws?id=762731 ITAT Ahmedabad dismissed the assessee's appeal against revision u/s 263. The assessee claimed exemption u/s 10(23C)(iiiab) and 10(23C)(iiiac) involving crores but failed to provide supporting documents despite seven hearing opportunities. The assessing officer noted the lack of verification materials but made no disallowance. Principal CIT correctly found the assessment order erroneous and prejudicial to revenue interests, warranting revision under section 263. en-us Wed, 04 Dec 2024 00:00:00 +0530 Fri, 06 Dec 2024 08:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762731 ITAT Ahmedabad dismissed the assessee's appeal against revision u/s 263. The assessee claimed exemption u/s 10(23C)(iiiab) and 10(23C)(iiiac) involving crores but failed to provide supporting documents despite seven hearing opportunities. The assessing officer noted the lack of verification materials but made no disallowance. Principal CIT correctly found the assessment order erroneous and prejudicial to revenue interests, warranting revision under section 263. Case-Laws Income Tax Wed, 04 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762731