Non-examination of issue by AO does not per se make assmt order prejudicial to interests of revenue for S. 263 revision

Court: INCOME TAX APPELLATE TRIBUNAL, DELHI

Citation: The Institute of Chartered Accountants of India Vs. Director of Income Tax
ITA No. 1853/Del/2010
Assessment Year: 2005- 06

Brief:- The assessee, a statutory body established under the Chartered Accountants Act 1949 for regulating the profession of Chartered Accountants, obtained exemption u/s 10(23C)(iv) pursuant to a notification issued by the CBDT. The notification provided that the exemption would not apply to profits and g

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