2007 (9) TMI 441 - AT - Income Tax

Extract:
.......tself, we find that the assumption of jurisdiction by the Commissioner to interfere in the order of assessment made by the Assessing Officer under section 143(3), by resorting to section 263 stands vitiated. As a result, the order of the Commissioner dated 1-2-2005 is liable to be quashed. We hold so. 7. In the result, both the appeals are allowed.