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2021 (12) TMI 827 - BOMBAY HIGH COURTValidity of reopening of assessment u/s 147 - Notice in the name of company ceased to exist - HELD THAT:- As per MARUTI SUZUKI INDIA LIMITED [2019 (7) TMI 1449 - SUPREME COURT] case respondent has invoked jurisdiction of issuance of notice under Section 148 of the Act to an entity that had ceased to exist. This is notwithstanding the fact that Respondent No.1 was aware that Nirvan Holdings Pvt. Ltd., had ceased to exist. For reasons mentioned above, we state that Respondent No.1 was aware that Nirvan Holdings Pvt. Ltd. has ceased to exist. The stand now taken in the affidavit in reply is nothing but an after thought - the stand of Respondent No.1 today taken as afterthought that it was an error which could be corrected under Section 292B of the Act is not acceptable to this court. - Decided in favour of assessee.
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