https://www.taxtmi.com/caselaws?id=314041 The ITAT Mumbai dismissed the AO's appeal and confirmed the CIT(A)'s order quashing a rectification order under section 154. The AO had passed the rectification order against United Western Bank Ltd., which had already merged with IDBI Bank Ltd. Despite being informed of the merger on 5th August 2015 and receiving a specific request to transfer the PAN to LTU Mumbai, the AO proceeded to issue the order against the non-existent entity. The tribunal held that such orders against non-existent entities must be quashed, distinguishing the case from Mahagun Realtors SC precedent. en-us Sat, 13 May 2023 00:00:00 +0530 Tue, 14 May 2024 19:14:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314041 The ITAT Mumbai dismissed the AO's appeal and confirmed the CIT(A)'s order quashing a rectification order under section 154. The AO had passed the rectification order against United Western Bank Ltd., which had already merged with IDBI Bank Ltd. Despite being informed of the merger on 5th August 2015 and receiving a specific request to transfer the PAN to LTU Mumbai, the AO proceeded to issue the order against the non-existent entity. The tribunal held that such orders against non-existent entities must be quashed, distinguishing the case from Mahagun Realtors SC precedent. Case-Laws Income Tax Sat, 13 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314041