‘Framing of Reassessment u/s 147 of Income Tax Act against Non-Existing Entity is void ab-initio’: ITAT [Read Order]

Framing - Reassessment - Income Tax Act - non-existing entity - void ab-initio -ITAT - Taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT), has held that the re-assessment under section 147 read with section 143(3) of the Income Tax Act, 1961 is not sustainable in the eye of law since the same was framed in the name of a non-existing entity. The assessee company submitted its return for…

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