https://www.taxtmi.com/highlights?id=87854 ITAT dismissed the revenue's appeal, affirming the CIT(A)'s order. The Tribunal held that the consequential assessment order was invalid since the original order under section 263 was set aside. The DR's argument regarding a pending appeal before the High Court was rejected, as no stay order was produced. The Tribunal found the CIT(A)'s reasoning sound and confirmed the assessee's exemption claim, ultimately upholding the lower appellate authority's decision and dismissing the revenue's appeal. en-us Tue, 29 Apr 2025 08:33:04 +0530 Tue, 29 Apr 2025 08:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=87854 ITAT dismissed the revenue's appeal, affirming the CIT(A)'s order. The Tribunal held that the consequential assessment order was invalid since the original order under section 263 was set aside. The DR's argument regarding a pending appeal before the High Court was rejected, as no stay order was produced. The Tribunal found the CIT(A)'s reasoning sound and confirmed the assessee's exemption claim, ultimately upholding the lower appellate authority's decision and dismissing the revenue's appeal. Highlights Income Tax Tue, 29 Apr 2025 08:33:04 +0530 https://www.taxtmi.com/highlights?id=87854