https://www.taxtmi.com/caselaws?id=457257 The ITAT Delhi ruled that reopening assessment under section 147 against a dissolved/non-existing company is invalid and cannot be cured under section 292B. Following SC precedent in BMA Capfin Ltd and Delhi HC in Dimension Apparels, the tribunal held that assessment orders cannot be passed against companies that have ceased to exist, particularly when the department is aware of the dissolution. This constitutes a fundamental jurisdictional defect rather than a procedural irregularity. The assessment was quashed in favor of the assessee. en-us Mon, 25 Mar 2019 00:00:00 +0530 Thu, 12 Sep 2024 21:27:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457257 The ITAT Delhi ruled that reopening assessment under section 147 against a dissolved/non-existing company is invalid and cannot be cured under section 292B. Following SC precedent in BMA Capfin Ltd and Delhi HC in Dimension Apparels, the tribunal held that assessment orders cannot be passed against companies that have ceased to exist, particularly when the department is aware of the dissolution. This constitutes a fundamental jurisdictional defect rather than a procedural irregularity. The assessment was quashed in favor of the assessee. Case-Laws Income Tax Mon, 25 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457257