Tribunal Declares Revenue’s Appeal Infructuous as Section 263 Order Fails

DCIT Vs Maharashtra State Electricity Distribution Company Ltd. (ITAT Mumbai) Once 263 Order Is Quashed, Assessment Falls: Revenue’s Appeal Declared Infructuous by Mumbai ITAT Tribunal dealt with Revenue’s challenge to the order passed by CIT(A) granting relief in an assessment framed u/s 143(3) r.w.s 263. During hearing, Assessee pointed out that the very revision order u/s 263 dated 30.03.2021—on the basis of which the reassessment was made—had already been quashed by Tribunal in ITA No.2277/Mum/2021 vide order dated 07.01.2025. Certified copy was placed on record & the Departmen...