AO not empowered to withdraw or modify or substitute assessment order passed by him

DCIT Vs Mondon Investments Ltd. (ITAT Delhi)

ITAT Delhi held that law does not confer any power on the Assessing Officer to either withdraw or modify or substitute one assessment order passed by him earlier with another assessment order subsequently.

Facts- Based on the proposal of TPO, AO passed an assessment order, purportedly, u/s. 143(3) read with section 144C(3) of the Act on 31.10.2016 determining total income at Rs.29,06,35,700/-. Against the said assessment order,

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