https://www.taxtmi.com/caselaws?id=345932 The Tribunal held that the assessment order passed on a non-existent entity post-amalgamation was void ab initio and lacked jurisdiction, following precedents that assessments on non-existent entities are invalid. Consequently, the additional ground raised by the assessee was allowed, rendering the assessment unsustainable. The Tribunal did not address the revenue's challenges regarding deletions under Sections 35(1)(ii) and 35(1)(iv) or the recalculation of disallowance under Section 14A due to the invalidity of the assessment order. The judgment emphasized the importance of jurisdictional correctness in assessment proceedings, particularly in cases of corporate restructuring. en-us Thu, 06 Apr 2017 00:00:00 +0530 Mon, 31 Jul 2017 08:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345932 The Tribunal held that the assessment order passed on a non-existent entity post-amalgamation was void ab initio and lacked jurisdiction, following precedents that assessments on non-existent entities are invalid. Consequently, the additional ground raised by the assessee was allowed, rendering the assessment unsustainable. The Tribunal did not address the revenue's challenges regarding deletions under Sections 35(1)(ii) and 35(1)(iv) or the recalculation of disallowance under Section 14A due to the invalidity of the assessment order. The judgment emphasized the importance of jurisdictional correctness in assessment proceedings, particularly in cases of corporate restructuring. Case-Laws Income Tax Thu, 06 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345932