https://www.taxtmi.com/caselaws?id=769641 ITAT Cochin dismissed revenue's appeal challenging CIT(A)'s order allowing assessee's exemption u/s 11. Assessment officer had disallowed exemption based on CIT(E)'s order u/s 263, but Tribunal subsequently set aside the section 263 order, invalidating the consequential assessment. Revenue argued Tribunal's order was under challenge before Kerala HC, but ITAT held that mere pendency of appeal without stay order cannot invalidate CIT(A)'s decision. Since foundational order u/s 263 was set aside, consequential assessment order became invalid. en-us Tue, 11 Mar 2025 00:00:00 +0530 Tue, 29 Apr 2025 08:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769641 ITAT Cochin dismissed revenue's appeal challenging CIT(A)'s order allowing assessee's exemption u/s 11. Assessment officer had disallowed exemption based on CIT(E)'s order u/s 263, but Tribunal subsequently set aside the section 263 order, invalidating the consequential assessment. Revenue argued Tribunal's order was under challenge before Kerala HC, but ITAT held that mere pendency of appeal without stay order cannot invalidate CIT(A)'s decision. Since foundational order u/s 263 was set aside, consequential assessment order became invalid. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769641