Revision Order Quashed: CIT Fails to Prove Violation of Income Tax Act Sections 11, 12, and 2(15) Proviso in Exemption Case.

Revision u/s 263 - claim of exemption u/s. 11 & 12 - Simply on the judgment of Hon’ble Supreme Court in the case of Ahmedabad Urban Development Authority, supra, the revision is not possible. - The CIT(Exemption) has not at all deliberated how the assessee has violated the proviso to the provision of section 2(15) of the Act and how the AO has not examined the issue. - Revision order quashed - AT .....

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