No time limit for compliance of direction or findings of appellate forum

Common appeal is raised by the assessee against the order of CIT relating to assessment year 2001-02 & 2005-06, therein CIT by virtue of Sec 263 of Income Tax Act, 1961(ACT) ordered assessing officer to make fresh assessment for said asstt year, as he found it erroneous i.e non complied with the order of ITAT. Brief of the case In the case U.P. Forest Corporation Lucknow vs. DCIT, ITAT held that if assessing officer ( taken as A.O.) is ordered to make fresh assessment of the assessee U/s 250 or 254 or 263 or 264 of Income Tax Act 1961 (“ taken as Act”), after nullifying or cancelled o...