Where original assessment order had been revised
under section 264 and, thus, no longer existed, order passed by CIT under
section 263 revising original assessment order was void ab initio
Facts
a)
Assessee filed
revision application under section 264 before the Commissioner of Income-tax
(CIT) to revise the assessment order passed by Assessing Officer (AO) under
section 143(3).
b)
CIT accepted the
revisional application of assessee and directed AO to revise the assessment
order accordingly.
c)
However,
subsequently, the original assessment order of AO was revised by CIT under
section 263.
