https://www.taxtmi.com/caselaws?id=759944 The Gujarat HC quashed reassessment proceedings initiated against a dissolved firm. The court held that notices issued in the name of a non-existent entity after dissolution were invalid and not tenable. Despite the assessee informing the Assessing Officer about the firm's dissolution in response to the section 148A(b) notice, proceedings continued. Following Supreme Court precedent in Maruti Suzuki India Limited, the HC set aside the impugned notice and order, allowing the assessee's appeal. en-us Mon, 30 Sep 2024 00:00:00 +0530 Thu, 10 Oct 2024 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759944 The Gujarat HC quashed reassessment proceedings initiated against a dissolved firm. The court held that notices issued in the name of a non-existent entity after dissolution were invalid and not tenable. Despite the assessee informing the Assessing Officer about the firm's dissolution in response to the section 148A(b) notice, proceedings continued. Following Supreme Court precedent in Maruti Suzuki India Limited, the HC set aside the impugned notice and order, allowing the assessee's appeal. Case-Laws Income Tax Mon, 30 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759944