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/20

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