Section 263 Revisionary order in violation of principles of natural justice is invalid

Dhaneswar Rath Institute of Engineering and Medical Sciences Vs CIT (E) (ITAT Cuttack) Facts- The assessee is a charitable trust filed its return of income on 20.9.2016 showing income at Nil after claiming exemption u/s.11 of the Income tax Act. The ROI was selected for complete scrutiny. The AO completed the assessment u/s.143(3) of the Act on 23.10.2018 on a total income at Rs. Nil. Thereafter, the Pr. CIT (Exemption), Hyderabad noticed that the assessment order passed by the AO is erroneous and prejudicial to the interest of the revenue because the AO while passing the assessment order has ...