2006 (2) TMI 201 - ITAT BOMBAY-H - Income Tax

Extract:
.......the part of the Assessing Officer. Considering the entire facts and circumstances, we hold that the ld. CIT has wrongly invoked his jurisdiction under section 263 of the Income-tax Act. We, therefore, quash his common order passed under section 263 for the assessment years 1997-98 and 1998-99. 9. In the result, the assessee s appeals stand allowed.