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2004 (1) TMI 31 - KARNATAKA HIGH COURTRevision – Law applicable - Challenge to the intimations issued under section 143(1)(a) and order passed under section 264 - petitioner on receipt of the orders under section 143(1)(a) filed a revision petition before the Commissioner of Income-tax under section 264 which was rejected by Commissioner - in the light of the Explanation to section 143 having been deleted after the assessment years, i.e., with effect from June 1,1999, it does not take away the vested right of revision in favour of the petitioner. - In the circumstances, accepting the contention of the petitioner, I deem it proper to set aside the order passed by the Commissioner in so far as rejection of the revision for the assessment years 1998-99 and 1999-2000. - These petitions are allowed in part - The order passed by the second respondent in the revisions for the assessment years 1998-99 and 1999-2000 are set aside. Matter is remitted to respondent for reconsideration on the merits in accordance with law
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