2010 (1) TMI 1197

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..... out of the order passed by the Commissioner of Income-tax (Appeals) on 18.10.2007 in relation to the assessment year 2001-2002. 2. Shorn of unnecessary details, it is noted that the original assessment was made in this case u/s.143(3). Thereafter the learned Commissioner of Income Tax, invoking his jurisdiction u/s.263, directed the Assessing Officer to carry out further investigations. Purs .....

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..... sition that the instant assessment order was passed pursuant to the direction given by the learned CIT vide his order u/s.263. Since the very foundation of the present assessment proceedings, being the passing of revisional order u/s.263, does not survive, there is no question of continuing with the resultant proceedings. We, therefore, uphold the impugned order quashing the present assessmen .....

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