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2018 (3) TMI 213 - AT - Income TaxRevision u/s 263 - Addition u/s 36(1)(viia) - Held that:- Since the A.O. passed the order in pursuance to the directions issued under section 263 and passed the assessment order under section 143(3)/263 dated 24th October, 2013, therefore, the present proceedings before the authorities below have become infructuous because the order under section 263 have been quashed by the Tribunal. Assessee, therefore, correctly stated that since the order under section 263 have been set aside by the Tribunal, therefore, original assessment order would survive. We, accordingly, set aside the orders of the authorities below and quash the resultant proceedings under section 143(3)/263 of the I.T. Act. - Decided in favour of assessee.
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