Stay Granted in 263 case revised on ground other than in SCN

Counsel for the assessee submitted that the Assessing Officer completed the assessment u/s 143(3) of the Act by an order dated 28.3.2013. The Principal Commissioner of Income-tax in the guise of exercising his power u/s 263 of the Act, issued show cause notice calling for the objection of the assessee. The Principal Commissioner of Income-tax has also revised the order of the Assessing Officer and directed the Assessing Officer to reexamine the matter. According to the ld. Counsel, the Principal Commissioner of Income-tax issued show cause notice in respect of o

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