Assessing Officer must consult Commissioner or KVIC before denying section 10(23B) exemption with valid KVIC certificate.

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....AO cannot out rightly deny the benefit of exemption claimed under section 10(23B) of the Act if KVIC certificate is filed before him, unless he reports the matter to the Commissioner, KVIC for cancellation or withdrawal of certificate, if he notice that the activities of the assessee are in contravention of the provisions of section 10(23B) - AT....