https://www.taxtmi.com/caselaws?id=420422 The Tribunal allowed the appeal of the assessee by quashing the proceedings under section 263 of the Act and the consequent order. The Tribunal held that the revisionary proceedings initiated in the name of the non-existent company were null and void ab initio, rendering the jurisdiction assumed by the Principal Commissioner of Income Tax invalid. The Tribunal relied on precedent to emphasize that the mere participation of the assessee in the proceedings could not cure the substantive illegality. As a result, the appeal was allowed, and the grounds on merits were deemed academic. en-us Mon, 07 Mar 2022 00:00:00 +0530 Fri, 01 Apr 2022 22:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420422 The Tribunal allowed the appeal of the assessee by quashing the proceedings under section 263 of the Act and the consequent order. The Tribunal held that the revisionary proceedings initiated in the name of the non-existent company were null and void ab initio, rendering the jurisdiction assumed by the Principal Commissioner of Income Tax invalid. The Tribunal relied on precedent to emphasize that the mere participation of the assessee in the proceedings could not cure the substantive illegality. As a result, the appeal was allowed, and the grounds on merits were deemed academic. Case-Laws Income Tax Mon, 07 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420422