Revision Proceedings u/s 263 Not Maintainable After Assessment Order Declared Non Est: ITAT

The ITAT ruled that revision proceedings under Section 263 are not maintainable after an assessment order is declared "non-est." In this case, the taxpayer’s assessment order had been annulled, but the authorities attempted to proceed with revision proceedings. The tribunal emphasized that once an assessment order is annulled, the revision process cannot continue. The ruling sets an important precedent that prevents authorities from pursuing revision under Section 263 when an assessment order has already been invalidated, thus protecting the taxpayer’s rights.