ITAT Rules in Favor of Assessee: Revised Return with Intimation Accepted u/s 11(1), Explanation 2.

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....Deemed application of income u/s 11(1), Explanation 2 - although the Assessee did not give the intimation at the time of filing the original returns, admittedly, the intimation was enclosed with the revised return - no error having been committed by the ITAT in holding this issue in favour of the Assessee....