https://www.taxtmi.com/caselaws?id=446860 ITAT Mumbai held that assessment orders passed against a company struck off under Section 560(5) of the Companies Act, 1986 are nullities and unsustainable. The assessee company was dissolved on 18th March, 2011 per MCA certificate under the Easy Exit Scheme, 2010. Following coordinate bench precedents and J&K and Ladakh HC ruling, the tribunal confirmed that once a company ceases to exist through dissolution, no valid assessment order can be passed against it under the Income Tax Act. The CIT(A)'s quashing of assessment orders was upheld. Appeal decided against revenue. en-us Fri, 08 Dec 2023 00:00:00 +0530 Wed, 04 Dec 2024 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446860 ITAT Mumbai held that assessment orders passed against a company struck off under Section 560(5) of the Companies Act, 1986 are nullities and unsustainable. The assessee company was dissolved on 18th March, 2011 per MCA certificate under the Easy Exit Scheme, 2010. Following coordinate bench precedents and J&K and Ladakh HC ruling, the tribunal confirmed that once a company ceases to exist through dissolution, no valid assessment order can be passed against it under the Income Tax Act. The CIT(A)'s quashing of assessment orders was upheld. Appeal decided against revenue. Case-Laws Income Tax Fri, 08 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446860