HC slams AO for reopening assessment holding that assessee claimed false exemption u/s 11

INCOME-TAX: Where Assessing Officer reopened assessment for reason that it was not brought to his notice that assessee was not registered under section 12A in order to claim exemption under section 11(1)(d) in respect of amount received as corpus fund, since assessee had claimed corpus fund as exempt for reason that it was a capital receipt and did not claim exemption under section 11(1)(d) Assessing Officer misdirected himself in posing such a question and stating same to be a reason for reopen

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