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2017 (3) TMI 1580 - AT - Income TaxValidity of assessment - addition on account of disallowance of 100% expenditure and on account of unexplained purchase u/s. 69C - Held that:- In the present case, it is noticed that the assessments framed by the Assessing Officer for the assessment years 2003-04 to 2008-09 were held to be nullity [2014 (4) TMI 554 - ITAT DELHI] as held Assessment upon a dissolved company is impermissible as there is no provision in the I.T. Act to make an assessment upon a non-existent company. On amalgamation, the company seizes to exists in the eyes of the law - Thus, assessment upon a dissolved company is impressible - Decided against revenue
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