Held that registration has been granted registration under section 12A with effect from April 1, 2002 and the income is applied for the designated purposes per law. Revision order is quashed. (AY.2003-04 to 2005-06)
Paradip Port Authority v.Dy. CIT (2024)116 ITR 1 / [2025] 170 taxmann.com 713 (Cuttack)(Trib)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Granted registration and income is applied for designated purposes-Exercise of revisional jurisdiction is not valid. [S. 11, 12A, 12AA]