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2023 (8) TMI 594 - BOMBAY HIGH COURTRevision u/s 263 - Tribunal had set aside the order passed by the CIT u/s 263 - HELD THAT:- Adjudication of the present appeal itself is rendered academic inasmuch as the effect of the order passed by the CIT exercising powers under Section 263 of the I.T. Act had percolated in an assessment order being passed by the Assessing Officer under Section 143(3) read with Section 263 of the I.T. Act, being order dated 30th March 2011. As the proceedings under the said order itself had ended in the Assessee’s appeal being allowed and the challenge to the same being withdrawn by the Revenue, adjudication of the present proceedings, which arise from the proceedings under Section 263, is rendered completely academic and inconsequential. Revenue, will not dispute as to what has ultimately happened in the Revenue’s appeal arising from the orders passed under Section 143(3). He, therefore, would not dispute on the contention as urged on behalf of the Assessee that the proceedings of the present appeal are rendered academic. The appeal is, accordingly, disposed of as infructuous, in view of the antecedents as noted by us.
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