https://www.taxtmi.com/caselaws?id=250692 The HC held that once an assessment is reopened under section 153A, there is no existing assessment order that can be reviewed under section 263. The CIT lacks jurisdiction to invoke section 263 to revise the reopened assessment, as the prerequisite erroneous order prejudicial to revenue does not exist. Any undisclosed income identified by the CIT should be communicated to the Assessing Officer, who must consider it during the reopened assessment proceedings. The Tribunal's contrary view was rejected, and the CIT's initiation of section 263 proceedings was held invalid. The decision favored the assessee, aligning with precedent from the DEL HC in Commissioner of Income Tax v. Anil Kumar Bhatia. en-us Fri, 25 Jul 2014 00:00:00 +0530 Mon, 28 Jul 2025 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250692 The HC held that once an assessment is reopened under section 153A, there is no existing assessment order that can be reviewed under section 263. The CIT lacks jurisdiction to invoke section 263 to revise the reopened assessment, as the prerequisite erroneous order prejudicial to revenue does not exist. Any undisclosed income identified by the CIT should be communicated to the Assessing Officer, who must consider it during the reopened assessment proceedings. The Tribunal's contrary view was rejected, and the CIT's initiation of section 263 proceedings was held invalid. The decision favored the assessee, aligning with precedent from the DEL HC in Commissioner of Income Tax v. Anil Kumar Bhatia. Case-Laws Income Tax Fri, 25 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250692