Commissioner cannot revise order passed by TPO u/s. 92CA(3)

IN THE ITAT MUMBAI BENCH ‘K’ Essar Steel Ltd. versus Additional Commissioner of Income-tax IT APPEAL NO. 4007 (MUM.) OF 2010 [ASSESSMENT YEAR 2005-06] Date of pronouncement – 31.10.2012 ORDER Per Bench  This is an assessee’s appeal against the order of the CIT-5, Mumbai, dated 29/03/2010 under section 263 of the Income Tax Act. The short issue for consideration is whether the CIT-5 is correct in invoking the jurisdiction under section 263 for setting aside the order of Assessing Officer u/s 143(3) dated 01.01.08 which was passed in consonance with the TPO...