9911796707
TMI Blog2024 (9) TMI 1714X X X X Extracts X X X X X X X X Extracts X X X X ..... ORDER Per Bench This appeal filed by the assessee is directed against the order of the National Faceless Appeal Centre, Delhi [CIT(A)] dated 04.03.2023 for Assessment Year (AY)2006-07. 2. At the outset, we note that the assessment was framed u/s. 143(3) r.w.s. 147 of the Income Tax Act, 1961 (the Act) dated 24.11.2011 which was subsequently revised by the learned Commissioner of Income Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... efore, the AR's argument that there was no error in computation of book profit u/s.115JB of the IT Act, 1961 and the AO had applied his mind has got no force and the same deserved to be rejected and accordingly is rejected." 3. Subsequently, the AO framed assessment u/s 143(3) r.w.s. 263 of the Act vide order dated 24.10.2014 in compliance with the directions issued by the learned CIT u/s 26 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d emanates from the order passed by the ld. CIT u/s 263 of the Act which has not been challenged by the assessee. This fact itself transpires that the order passed by the ld. CIT u/s 263 of the Act has reached to the finality and therefore all the proceedings in consequence to the order of the learned CIT u/s 263 of the Act cannot be challenged until and unless the proceedings u/s 263 are agitated ..... X X X X Extracts X X X X X X X X Extracts X X X X
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