1993 (9) TMI 349 - HC - Income Tax

Summary

The High Court of Allahabad ruled that when the Commissioner sets aside an assessment under section 263, the appeal filed by the assessee before the Commissioner (Appeals) becomes infructuous. The Court found that the appeal had indeed become infructuous in this case, contrary to the decisions of the Commissioner (Appeals) and the Tribunal. The judgment was in favor of the assessee.