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2021 (3) TMI 259 - AT - Income TaxPenalty u/s 271(1)(c) - notice in the name of the non-existent company being amalgamated - HELD THAT:- Order of penalty passed by the revenue on a non-existing company is not sustainable in the eyes of law. The same is void ab initio and liable to be quashed. Hence, we quash the entire proceeding. See MARUTI SUZUKI INDIA LIMITED [2019 (7) TMI 1449 - SUPREME COURT] and DIMENSION APPARELS PVT. LTD. [2014 (11) TMI 181 - DELHI HIGH COURT]. The penalty is, therefore, is hereby deleted. - Decided in favour of assessee.
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