https://www.taxtmi.com/caselaws?id=449492 The HC quashed the notice issued under Section 148 of the Income Tax Act, 1961, and the subsequent assessment order against a dissolved company for the Assessment Year 2008-09, deeming them invalid due to lack of jurisdiction. The Court held that a dissolved company ceases to exist legally and cannot be subject to assessment proceedings. The assessment order was stayed, and the Revenue was restrained from further proceedings. The petition was disposed of with no order as to costs, and the rights of the parties were left open regarding potential restoration of the company to the register. en-us Thu, 08 Feb 2024 00:00:00 +0530 Mon, 12 Feb 2024 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449492 The HC quashed the notice issued under Section 148 of the Income Tax Act, 1961, and the subsequent assessment order against a dissolved company for the Assessment Year 2008-09, deeming them invalid due to lack of jurisdiction. The Court held that a dissolved company ceases to exist legally and cannot be subject to assessment proceedings. The assessment order was stayed, and the Revenue was restrained from further proceedings. The petition was disposed of with no order as to costs, and the rights of the parties were left open regarding potential restoration of the company to the register. Case-Laws Income Tax Thu, 08 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449492