https://www.taxtmi.com/caselaws?id=776993 ITAT PUNE - AT held the assessment void ab initio where it was framed against a non-existing amalgamated entity and directed that the successor may file a modified return under s.170A (w.e.f. 01.04.2022); the AO's addition under s.68 was disallowed as double taxation since advances were taxed in later years. Deduction under s.80IA for AY 2014-15 was allowed (income ~Rs.21.32 crore) as Form 10CCB showed earlier commencement. Additions treating long-outstanding sundry creditors as income were overturned. The CIT(A)/NFAC order was set aside and the assessee's grounds allowed. en-us Mon, 18 Aug 2025 00:00:00 +0530 Fri, 22 Aug 2025 08:33:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776993 ITAT PUNE - AT held the assessment void ab initio where it was framed against a non-existing amalgamated entity and directed that the successor may file a modified return under s.170A (w.e.f. 01.04.2022); the AO's addition under s.68 was disallowed as double taxation since advances were taxed in later years. Deduction under s.80IA for AY 2014-15 was allowed (income ~Rs.21.32 crore) as Form 10CCB showed earlier commencement. Additions treating long-outstanding sundry creditors as income were overturned. The CIT(A)/NFAC order was set aside and the assessee's grounds allowed. Case-Laws Income Tax Mon, 18 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776993