Section 263 Revision: AO's Exemption on Dividend Income in Insurance Business Upheld as Non-Erroneous and Fair.

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....Revision u/s 263 - Erroneous or prejudicial of revenue - AO allowed the Exemption u/s. 10(34) - Insurance business - Dividend income - The order passed by the AO allowing exemption u/s. 10(34) of the Act cannot be said to be an order which is erroneous and prejudicial to the interest of the Revenue. - AT....