Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (5) TMI 1035 - AT - Income TaxAssessments made on a non-existent company - amalgamation of company - Held that:- The assessments were made in the name of DSP Merrill Lynch Securities Trading Ltd. which is a non-existent entity as this company was amalgamated with DSP Merrill Lynch Ltd. w.e.f. 1.4.2010 and therefore when the assessments were completed on 15.3.2013 and 27.2.2013 on this company for the assessment years 2009-10 and 2010-11, this company is no more in existence. In these circumstances, we hold that the assessments made on a non-existent company are invalid and void ab initio and therefore the assessments are set aside as void ab initio. Since we have set aside the assessments as void ab initio, we need not go into the other grounds raised on merits. - Decided in favour of assessee.
|