ITAT Quashes Tax Assessment Against Non-Existent Entity, Cites Invalid Jurisdiction [Read Order]

The Revenue contended that the assessee’s participation in proceedings barred jurisdictional objections under Section 124(3)
ITAT - Cites Invalid Jurisdiction - ITAT Quashes Tax Assessment - taxscan

The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad, has nullified a tax assessment order framed against Man Diesel and Turbo India Pvt. Ltd. (formerly Man Turbo India Pvt. Ltd.), ruling that the assessment was invalid as it targeted a non-existent entity due to a corporate amalgamation. The bench quashed the proceedings, citing the Supreme…

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