https://www.taxtmi.com/caselaws?id=337910 The court quashed the re-assessment notice under Section 147/148 of the Income Tax Act, 1961, finding it void and unsustainable. The notice issued to a non-existent entity, M/s. Rishi Promoters Pvt. Ltd., which had been amalgamated, was deemed illegal. The court emphasized the finality of ITSC orders and held that reopening matters concluded by ITSC under Section 147 was impermissible. The judgment underscored the unlawfulness of serving notices to entities that no longer exist, citing relevant precedents to support its decision. en-us Mon, 09 Jan 2017 00:00:00 +0530 Wed, 18 Jan 2017 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337910 The court quashed the re-assessment notice under Section 147/148 of the Income Tax Act, 1961, finding it void and unsustainable. The notice issued to a non-existent entity, M/s. Rishi Promoters Pvt. Ltd., which had been amalgamated, was deemed illegal. The court emphasized the finality of ITSC orders and held that reopening matters concluded by ITSC under Section 147 was impermissible. The judgment underscored the unlawfulness of serving notices to entities that no longer exist, citing relevant precedents to support its decision. Case-Laws Income Tax Mon, 09 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337910