msiexec /a - MSI-Installer Error 2203

Discovered MSI installer error 2203 on extracting installer file with following options:

msiexec /a <product.msi> /qb TARGETDIR=%CD%

Still after searching the web I still had no solution so tried to analyse failure with log file examination:

msiexec /a <product.msi> /qb TARGETDIR=%CD% /lv %CD%\Installer.log

After reading a few lines of log the scales fell from my eyes. The source and the destination are the same and the Installer prohibit extracting into source directory directly.

So

msiexec /a <product.msi> /qb TARGETDIR=%CD%\Extract

solves the problem!