PCIT v. Elecon EPC Projects Ltd. (2023) 295 Taxman 194 (Guj.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Revision order is set aside by the Tribunal-Order giving effect to Revision is void ab initio. [S. 143(3), 254(1), 260A]

Tribunal had quashed revisional order passed by Principal Commissioner. Assessing Officer had passed a fresh order of assessment under section 143 read with section 263. Tribunal set aside the order. On appeal the Court held that  once section 263 proceedings were set aside by Tribunal, consequent assessment order giving effect to revision order is  void ab initio.