2004 (7) TMI 692 - ITAT DELHI - Income Tax

Extract:
.......onouncements, we hold that the learned CIT was fully justified in exercising his powers under section 263 to set aside the said order of the Assessing Officer with a direction to make it afresh and upholding his impugned order passed under section 263, we dismiss the appeal of the assessee. 7. In the result, the appeal of the assessee is dismissed.