https://www.taxtmi.com/caselaws?id=360144 The Tribunal ruled that assessments under section 153A of the Income Tax Act were invalid as they were framed on a company that no longer existed at the time of search. The assessments against the non-existing entity were deemed void ab initio due to a jurisdictional defect. Consequently, the Assessing Officer's additions were considered academic, leading to the dismissal of the department's appeals. The assessee's appeals were allowed, and the assessments on the non-existing company were deemed unsustainable. The Tribunal granted the Assessing Officer the liberty to take appropriate action on the correct entity within the specified time limit. en-us Tue, 08 May 2018 00:00:00 +0530 Thu, 10 May 2018 08:41:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360144 The Tribunal ruled that assessments under section 153A of the Income Tax Act were invalid as they were framed on a company that no longer existed at the time of search. The assessments against the non-existing entity were deemed void ab initio due to a jurisdictional defect. Consequently, the Assessing Officer's additions were considered academic, leading to the dismissal of the department's appeals. The assessee's appeals were allowed, and the assessments on the non-existing company were deemed unsustainable. The Tribunal granted the Assessing Officer the liberty to take appropriate action on the correct entity within the specified time limit. Case-Laws Income Tax Tue, 08 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360144