Order passed under section 263 is quashed by the Tribunal. Once order under section 263 had been quashed, then assessment order passed under section 143(3) read with section 263 in pursuance of section 263 order would become infructuous. (AY. 2015-16)
ACIT v. Tata Housing Development Company Ltd. (2024) 207 ITD 141 (Mum) (Trib.)
S. 143(3) : Assessment-Revision order is quashed by Tribunal-Assessment order became infructuous. [S. 143(3), 254(1)]
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