The HC held that the assessment order passed against the...

The HC held that the assessment order passed against the non-existent partnership firm, which had been converted into an LLP prior to the assessment year, was void ab initio. The AO's rejection of the conversion was solely based on the non-communication to the department and absence of KYC documents, disregarding the assessee's submissions and evidence demonstrating full disclosure of transactions in the LLP's books and the filing of the relevant Return of Income. Consequently, the assessment order against the erstwhile partnership firm lacked legal validity and was quashed.