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of <h1>Tax Demand Overturned: Mumbai Tribunal Quashes Appellate Order, Leaving No Pending Demand for Assessment Year 2019-20.</h1> <h3>Portescap India Private Limited Versus Centralized Processing Centre Bangalore</h3> The ITAT Mumbai allowed the assessee's appeal, overturning the CIT(A)'s decision for Assessment Year 2019-20. The demand initially raised under section ... Validity of order passed by CIT(A) passed u/s 250 - demands raised u/s 143(1) was wiped out vide order U/s 143(1)/ 154 - HELD THAT:- AO has nullified the demand by issuing a rectification order u/s 143(1)/154 of the Act. Consequently, no demand remains outstanding against the assessee as per the rectification order of the ld. AO in impugned assessment year. Therefore, the demands upheld in the impugned appellate order cannot be sustained against the assessee. The Ld. DR has acknowledged this position and accepted the submissions of the Ld. AR. In light of this, the grounds raised by the assessee are allowed, and the impugned appellate order is hereby quashed. Assessee's appeal is allowed. The ITAT Mumbai allowed the appeal of the assessee against the order of the CIT(A) for Assessment Year 2019-20. The demand raised under section 143(1) was nullified by a rectification order, so no demand remained outstanding. The appellate order upholding the demands was quashed, and the assessee's appeal was allowed.
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