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2013 (12) TMI 717 - AT - Income TaxAssessment on amalgamated company - Validity - Held that:- Following IMPSAT (Pvt.) Ltd. vs ITO ITAT, Delhi 'A' Bench [2004 (7) TMI 299 - ITAT DELHI-A] - Assessment on a company which has been dissolved and struck off the register of companies u/s 560 of the Companies Act,1956, is invalid, even though the company participated in assessment proceedings- There is no provision in the IT Act to make assessment on a dissolved company-it is not a case of discontinuance of business so as to attract section 176 nor does Section 159 cure the lacuna - Once a company is dissolved it become a non existent party and therefore no action can be brought in its name - There is no provision in Income Tax Act, 1961 to make an assessment thereon - Decided against Revenue.
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