https://www.taxtmi.com/caselaws?id=769117 ITAT Visakhapatnam quashed CIT(E)'s revision order u/s 263 challenging denial of exemption u/s 11, treating excess utilization as unexplained anonymous donation u/s 115BBC, and disallowing charity expenses. The tribunal held CIT(E) lacked jurisdiction under Explanation (1)(c) to section 263 due to doctrine of merger, as identical issues were pending before CIT(A) in appeal. The assessment order was neither erroneous nor prejudicial to revenue's interest. CIT(E) improperly exercised powers without appreciating relevant facts. Assessee's appeal was allowed. en-us Fri, 21 Mar 2025 00:00:00 +0530 Sat, 19 Apr 2025 08:32:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769117 ITAT Visakhapatnam quashed CIT(E)'s revision order u/s 263 challenging denial of exemption u/s 11, treating excess utilization as unexplained anonymous donation u/s 115BBC, and disallowing charity expenses. The tribunal held CIT(E) lacked jurisdiction under Explanation (1)(c) to section 263 due to doctrine of merger, as identical issues were pending before CIT(A) in appeal. The assessment order was neither erroneous nor prejudicial to revenue's interest. CIT(E) improperly exercised powers without appreciating relevant facts. Assessee's appeal was allowed. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769117