https://www.taxtmi.com/caselaws?id=355559 The High Court upheld the ITAT's decision that an assessment made in the name of a non-existing entity was invalid. The Court emphasized the importance of framing assessments in the name of existing entities and applying established legal principles. The DRP's direction to complete the assessment in the name of the existing entity was deemed justified to rectify the original illegality. Despite the Revenue's arguments, the Court found no legal question and rejected the appeal, citing the precedent set in Spice Entertainment Ltd. case. en-us Tue, 06 Feb 2018 00:00:00 +0530 Thu, 22 Mar 2018 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355559 The High Court upheld the ITAT's decision that an assessment made in the name of a non-existing entity was invalid. The Court emphasized the importance of framing assessments in the name of existing entities and applying established legal principles. The DRP's direction to complete the assessment in the name of the existing entity was deemed justified to rectify the original illegality. Despite the Revenue's arguments, the Court found no legal question and rejected the appeal, citing the precedent set in Spice Entertainment Ltd. case. Case-Laws Income Tax Tue, 06 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355559