2008 (11) TMI 747

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....h K. Aggarwal ORDER 1. The question of validity of proceedings taken under section 263 of the Income-tax Act, 19651 (hereinafter referred to as 'the said Act') is in issue in this appeal. In this case, the provision of section 263 of the said Act had been invoked by the Commissioner after reassessment proceedings under section 147 had been concluded by the Assessing Officer. It has b....

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....w. Therefore, the order passed by the Commissioner was set-aside. We see no reason to interfere with the decision of the Tribunal. It may also be noted that in similar situations, orders passed by the Commissioner of Income-tax under section 263 have been set-aside by the Tribunal and upheld by this Court in the cases of CIT v. Vikram Aditya & Associates (P.) Ltd. [2006] 287 ITR 268 1 and CIT v. P....