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2015 (8) TMI 46 - AT - Income TaxReopening of assessment - addition u/s 68 - whether assessment on the company which is liquidated and struck off by the Registrar of Companies is invalid - Held that:- AO has invoked the provisions of section 147 and served the notice on a company which is altogether a different company and has also issued notice u/s 142(1) to the erstwhile Director who has already submitted that the company which has been assessed has been liquidated on 25.03.2008. We are of the opinion that the issuance of notice u/s 148 on a (different company) i.e. another legal entity namely M/s. SRSR Advisory (P) Ltd makes the proceedings void ab initio as notice has been issued to the wrong entity. Hence we confirm the order of the CIT (A) and dismiss the Revenue’s appeal. - Decided in favour of assessee.
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