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2017 (8) TMI 404 - AT - Income TaxValidity of Reopening of assessment - assessment in the name of a non-existent concern - Held that:- Neither at the time of issuance of the notice under section 148 of the Act and nor at the time of finalization of the impugned assessment on 21/3/2012 and 29/11/2012 respectively, the concern, M/s. Maharashtra Elektrosmelt Limited was in existence. Therefore, not only the impugned assessment proceedings have been finalized in the name of a non-existent concern but the same were initiated also in the name of a non-existent concern. - Decided in favour of assessee.
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