https://www.taxtmi.com/caselaws?id=445921 J&K and Ladakh HC held that assessment orders cannot be validly passed against companies dissolved under Section 560(5) of the Companies Act. The court ruled that once a company is struck off from the Register of Companies, it ceases to exist as a juridical person. Any assessment order made against such non-existent entity would be a nullity, comparable to passing a decree against a deceased person. The Income Tax Act requires the assessee to be a person in existence for valid assessment under Section 143. en-us Fri, 03 Nov 2023 00:00:00 +0530 Fri, 03 May 2024 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445921 J&K and Ladakh HC held that assessment orders cannot be validly passed against companies dissolved under Section 560(5) of the Companies Act. The court ruled that once a company is struck off from the Register of Companies, it ceases to exist as a juridical person. Any assessment order made against such non-existent entity would be a nullity, comparable to passing a decree against a deceased person. The Income Tax Act requires the assessee to be a person in existence for valid assessment under Section 143. Case-Laws Income Tax Fri, 03 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445921