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2006 (3) TMI 227 - AT - Income TaxValidity of assessment - whether after dissolution of a company and after the intimation of such dissolution with the RoC, an assessment can be made on a dissolved company - HELD THAT:- Following the decision of CIT VS. Express Newspapers Ltd.[1960 (3) TMI 48 - MADRAS HIGH COURT], it is clear that the assessment made in the present case in the name of M/s Calcutta Instalments Company (P) Ltd. after the date of its dissolution was not valid. The fact that this company filed a return of income is not of any consequence. The assessment is, therefore, held to be invalid and is cancelled. Thus, the assessment is null and void, all the other issues raised in the assessee's appeal as well as its cross-objection and the grounds raised by Revenue in both its appeals do not call for any adjudication. They are, therefore, dismissed as infructuous. In the result ITA No. 211/Del/2001 is allowed and all the other appeals and the cross-objection are dismissed.
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