https://www.taxtmi.com/caselaws?id=404931 The Tribunal held that penalty proceedings against a non-existent entity post-amalgamation were not maintainable. It found that the Assessing Officer lacked jurisdiction to levy penalties on a dissolved company and that issuing notices in the name of a non-existent entity was impermissible. Emphasizing the need for consistency and adherence to legal principles, the Tribunal quashed the penalty proceedings and deleted the imposed penalty, partially allowing the appeal. The judgment underscored the importance of conducting legal proceedings in the name of the correct, existing entity to uphold the integrity of the legal system. en-us Tue, 02 Mar 2021 00:00:00 +0530 Wed, 28 Jul 2021 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404931 The Tribunal held that penalty proceedings against a non-existent entity post-amalgamation were not maintainable. It found that the Assessing Officer lacked jurisdiction to levy penalties on a dissolved company and that issuing notices in the name of a non-existent entity was impermissible. Emphasizing the need for consistency and adherence to legal principles, the Tribunal quashed the penalty proceedings and deleted the imposed penalty, partially allowing the appeal. The judgment underscored the importance of conducting legal proceedings in the name of the correct, existing entity to uphold the integrity of the legal system. Case-Laws Income Tax Tue, 02 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404931