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2023 (9) TMI 987 - DELHI HIGH COURTReopening of assessment u/s 147 - Effect of Annulment of the assessment - HELD THAT:- We had expressed a prime facie view that the appeal was not maintainable. We had also indicated that the CIT(A) had wide powers, whereby, if he was convinced of the case set up by the assessee, he could annul the assessment order, which would include the power to set it aside. Annulment of the assessment order would lead to its cancellation. The assessment order would cease to exist, relegating parties to the position obtaining before the order was passed. Although Mr Khan contends to the contrary, we are not able to accept his submission that the CIT(A) cannot nullify and/or set aside the assessment order.The writ petition is, accordingly, closed. Liberty, however, is given to the petitioner to take recourse to an appropriate statutory remedy.
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