I've been beating my head against the desk all day trying to fix this!!!
I have tried the suggested xcode-select -switch /path/to/xcode/ as suggested here but it still gives me this error!
I have now completely removed XCode 4.4 and the command line tools as well, and running the xcrun still gives me this error!
Even installing a new copy of Xcode and the command line tools produces this error!!
Result of commands..
sh-3.2# xcode-select -print-path /Applications/Xcode.app/Contents/Developer sh-3.2# xcrun -find xcrun: Error: could not stat active Xcode path '/Volumes/Xcode/Xcode45-DP1.app/Contents/Developer'.           (No such file or directory) 
                xcode-select is the answer.  You are either pointing at the wrong path or you are not doing it as a root user.  Try this in Terminal:
sudo xcode-select -switch /Applications/Xcode.app  and then type your password.
If
sudo, oroverride the DEVELOPER_DIR environment variable instead:
export DEVELOPER_DIR="/Applications/Xcode.app/Contents/Developer"  Optional: you can make this persist between login sessions by editing your .bash_profile file.
If neither solution works, post your error message.
The problem is that /usr/share/xcode-select/xcode_dir_link points to an old folder, and doesn't updates when command
sudo xcode-select -switch /Applications/Xcode.app/Contents/Developer/ is executed.
Solution: delete this link and create it manually.
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