https://www.taxtmi.com/caselaws?id=369859 The Tribunal allowed the appeal, declaring the assessment order invalid due to the Assessing Officer's lack of jurisdiction to pass it on a non-existent entity resulting from an amalgamation. The assessment on the non-existent entity was deemed a jurisdictional defect, leading to the nullification of the assessment order. Consequently, the issue of addition of unexplained advances under section 68 of the Income Tax Act was not addressed on its merits, as the assessment order was quashed based on the jurisdictional flaw. en-us Thu, 25 Oct 2018 00:00:00 +0530 Sat, 03 Nov 2018 13:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369859 The Tribunal allowed the appeal, declaring the assessment order invalid due to the Assessing Officer's lack of jurisdiction to pass it on a non-existent entity resulting from an amalgamation. The assessment on the non-existent entity was deemed a jurisdictional defect, leading to the nullification of the assessment order. Consequently, the issue of addition of unexplained advances under section 68 of the Income Tax Act was not addressed on its merits, as the assessment order was quashed based on the jurisdictional flaw. Case-Laws Income Tax Thu, 25 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369859