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of <h1>Wrong name in tax notice deemed clerical error under Section 292B, assessment proceedings remain valid despite naming discrepancy</h1> The SC dismissed a SLP challenging reopening of assessment where notice was issued against a non-existent entity with incorrect name. The Court held that ... Validity of reopening of assessment - notice against non existent entity - eligibility of reasons to believe - notice not addressed in the correct name - Held that:- In the peculiar facts of this case, we are convinced that wrong name given in the notice was merely a clerical error which could be corrected under Section 292B of the Income Tax Act. SLP dismissed. HC Order in SKY LIGHT HOSPITALITY LLP. [2018 (2) TMI 1093 - DELHI HIGH COURT], held human errors and mistakes cannot and should not nullify proceedings which are otherwise valid and no prejudice had been caused. This is the effect and mandate of Section 292B of the Act. The Supreme Court of India in 2018 (4) TMI 529 held that a wrong name in a notice was a clerical error correctable under Section 292B of the Income Tax Act. The special leave petition was dismissed, and pending applications were disposed of.
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