Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
ITAT allowed the assessee's appeal, finding significant legal defects in the assessment order. Despite clear intimation of company amalgamation and submission of NCLT order, the AO issued notice u/s 143(2) against a non-existent entity. The TPO and AO both ignored repeated communications about the merger, rendering the assessment order legally invalid. The tribunal held that passing a final assessment order against a non-existent corporate entity constitutes a fundamental procedural error, thereby rendering the entire proceedings null and void. The assessment order was consequently set aside due to substantial legal infirmity in the administrative process.
ITAT allowed the assessee's appeal, finding significant legal defects in the assessment order. Despite clear intimation of company amalgamation and submission of NCLT order, the AO issued notice u/s 143(2) against a non-existent entity. The TPO and AO both ignored repeated communications about the merger, rendering the assessment order legally invalid. The tribunal held that passing a final assessment order against a non-existent corporate entity constitutes a fundamental procedural error, thereby rendering the entire proceedings null and void. The assessment order was consequently set aside due to substantial legal infirmity in the administrative process.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
