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2018 (3) TMI 1571 - AT - Income TaxValidity of assessment against non existent company - company merged with another company - additions u/s 68 made towards share premium received by the assessee during the year under consideration as unexplained cash credits. - Held that:- The assessment made in the present case under section 143(3)/263/147/143(3) in the name of M/s. Lokseva Textrade Pvt. Ltd. on 25.03.2014 when the said company was not in existence having already merged / amalgamated with M/s. Param Mitra Investments Pvt. Ltd. with effect from 01.04.2013 as per the order of the Delhi High Court on 17.12.2013 is a nullity being bad in law and the same is liable to be cancelled. - Decided in favour of assessee
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