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 prejudicia

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