1987 (9) TMI 72 - AT - Income Tax

Summary

The appeal was filed by the assessee-company against the order under s. 263 of the CIT, Bombay City I, Bombay. The Hon'ble High Court of Bombay ruled that once the appeal against the assessment order is decided by the CIT(A), the assessment order merges with the CIT(A)'s order, and the CIT cannot exercise jurisdiction under s. 263. Therefore, the CIT's order under s. 263 was without jurisdiction and is cancelled. The appeal is allowed.