Framing of Assessment in name of non-existing entity is invalid and Void Ab-initio: ITAT quashes Assessment Order u/s 143(3) of Income Tax Act [Read Order]

Despite notifying the Assessing Officer (AO) of this fact through a letter dated November 28, 2016, the assessment was still conducted in the name of the defunct entity
ITAT - ITAT Kolkata - Income Tax - Assessment Order - TAXSCAN

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) invalidated the assessment order under Section 143(3) of the Income Tax Act, 1961 stating it as null and void from the beginning, citing the assessment being made in the name of a non-existent entity. Solvent Real Estate Pvt. Ltd., the assessee company, ceased…

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