2002 (12) TMI 557 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Ahmedabad dismissed the revenue's appeal against the cancellation of an assessment order under section 143(3) read with section 147. The Tribunal upheld the decision of the ld. CIT(A) based on the fact that the Assessing Officer was not in agreement with the audit objections, in accordance with the provisions of the Comptroller and Auditor-General's Act and relevant circulars. The appeal of the revenue was dismissed.