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2001 (1) TMI 209 - ITAT BANGALORE
Extract:
......., the power under section 263 cannot be exercised. 19. Therefore, in view of the detailed discussion in the preceding paragraphs, we conclude by holding that the CIT erred by invoking the revisionary powers under section 263 of the Act and the impugned orders are hereby set aside. 20. In the result, the appeals of the assessee are allowed as above.