https://www.taxtmi.com/caselaws?id=55690 The tribunal allowed the appeal in part, holding that the Director of Income-tax (Exemption) had the jurisdiction to invoke section 263 of the Income-tax Act. However, it determined that the assessment order could not be revised based on a change of opinion. Additionally, the tribunal concluded that the leasing, development, and sale of flats were deemed charitable activities rather than business ventures, and thus, the provisions of section 11(4A) were not applicable. en-us Wed, 18 Oct 1995 00:00:00 +0530 Sat, 07 Aug 2021 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55690 The tribunal allowed the appeal in part, holding that the Director of Income-tax (Exemption) had the jurisdiction to invoke section 263 of the Income-tax Act. However, it determined that the assessment order could not be revised based on a change of opinion. Additionally, the tribunal concluded that the leasing, development, and sale of flats were deemed charitable activities rather than business ventures, and thus, the provisions of section 11(4A) were not applicable. Case-Laws Income Tax Wed, 18 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55690