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TMI Blog2016 (2) TMI 1183X X X X Extracts X X X X X X X X Extracts X X X X ..... completing the assessment. Accordingly, we set aside the revision orders passed by Learned CIT for both the years under consideration. - ITA Nos.653 And 654/Vizag/2013 And CO 14 And 15/Vizag/2014 - - - Dated:- 25-2-2016 - Shri V. Durga Rao And Shri G. Manjunatha, JJ. Appellant by : Shri M.N. Murthy Naik, DR Respondent by : Shri G.V.N. Hari, AR ORDER V. Durga Rao, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e absence of books of accounts and vouchers. Thereafter, the Commissioner while exercising the powers u/s 263 of the Act, the assessment order passed by the A.O. was set aside and directed the A.O. to re-do the assessment de-novo. The A.O. has passed the assessment order u/s 143 r.w.s. 263 of the Act. Subsequently, the assessee challenged the order of the Commissioner dated 21.11.20011 before the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s been set aside by the Hon ble ITAT, the assessment order passed u/s 263 would not sustain in the eyes of law. I have considered the contentions raised and find merit in the same. It is noted that the Hon ble ITAT, Visakhapatnam for the reasons discussed in its order dated 3.5.2013 in ITA No.353 354/Vizag/2011 has set aside the order passed by the CIT under section 263 for A.Y. 2006-07 and 2007-0 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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