https://www.taxtmi.com/caselaws?id=769219 Gujarat HC held that assessment order passed in the name of non-existing bank was invalid. The court found that revenue authorities acted without application of mind when passing assessment order against OBC bank which ceased to exist after 01.04.2020. Addition under section 69 based on Multi Year MNS data was made without proper inquiry or disclosure of data type. Prior approval under section 151 was also granted without due consideration. Assessment proceedings were quashed in favour of assessee due to fundamental procedural defects. en-us Mon, 17 Mar 2025 00:00:00 +0530 Tue, 22 Apr 2025 08:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769219 Gujarat HC held that assessment order passed in the name of non-existing bank was invalid. The court found that revenue authorities acted without application of mind when passing assessment order against OBC bank which ceased to exist after 01.04.2020. Addition under section 69 based on Multi Year MNS data was made without proper inquiry or disclosure of data type. Prior approval under section 151 was also granted without due consideration. Assessment proceedings were quashed in favour of assessee due to fundamental procedural defects. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769219