Exemption u/s. 10(23C)(v) eligible on addition under section 68

Asst. CIT Vs. Gurudatta Shikshan Sanstha (ITAT Pune)

Ground raised by the Revenue revolves around the correctness in granting exemption under section 10(23C) of the Act in respect of the additions made under section 68 of the Act.

Held by ITAT

I find from the records that no action has been initiated by the assessing officer to recommend withdrawal of exemption given to the appellant under section 10(23C)(

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