Revisional directions under section 263 became infructuous after the order giving effect accepted the return without addition.

Revisional directions under section 263 were rendered infructuous after the Order Giving Effect accepted the return of income and made no addition. Because the Assessing Officer verified the issues raised by the Principal Commissioner without making any adverse adjustment, the controversy no longer survived for adjudication. The assessee's grounds were accordingly allowed.

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Issues: Whether the revisional directions under section 263 survived after the Order Giving Effect accepted the return of income and made no addition.

Analysis: The Order Giving Effect passed by the Assessing Officer accepted the return of income and verified the issues raised by the Principal Commissioner without proposing any addition. In these circumstances, the revisional directions no longer had operative effect and the controversy ceased to subsist.

Conclusion: The revisional directions had become infructuous and the grounds raised by the assessee were allowed.

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