https://www.taxtmi.com/caselaws?id=419679 The Tribunal ruled in favor of the appellant, declaring the assessment void ab initio due to jurisdictional defects and procedural irregularities. The entire assessment order, including additions and enhancements, was set aside. The Tribunal found that framing an assessment against a non-existing entity and reopening the assessment without complying with statutory conditions were fatal flaws. Additionally, the Tribunal overturned the addition of share capital under Section 68 of the Act and the arbitrary enhancement of income, emphasizing the lack of due procedure and valid reasoning in these decisions. en-us Tue, 15 Mar 2022 00:00:00 +0530 Thu, 17 Mar 2022 08:34:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419679 The Tribunal ruled in favor of the appellant, declaring the assessment void ab initio due to jurisdictional defects and procedural irregularities. The entire assessment order, including additions and enhancements, was set aside. The Tribunal found that framing an assessment against a non-existing entity and reopening the assessment without complying with statutory conditions were fatal flaws. Additionally, the Tribunal overturned the addition of share capital under Section 68 of the Act and the arbitrary enhancement of income, emphasizing the lack of due procedure and valid reasoning in these decisions. Case-Laws Income Tax Tue, 15 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419679