https://www.taxtmi.com/highlights?id=97658 Validity of a notice issued under section 148 was contested where the partnership had been dissolved and its business taken over by a private limited company, and the dissolution had been formally intimated to the income-tax authorities. The Tribunal held that jurisdiction cannot be exercised by issuing a reassessment notice in the name of a non-existent entity; the defect persisted despite being pointed out during 148A proceedings and before the appellate authority. Applying that principle, the ITAT quashed the notice and the reassessment proceedings as bad in law. en-us Fri, 13 Mar 2026 08:36:46 +0530 Fri, 13 Mar 2026 08:36:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97658 Validity of a notice issued under section 148 was contested where the partnership had been dissolved and its business taken over by a private limited company, and the dissolution had been formally intimated to the income-tax authorities. The Tribunal held that jurisdiction cannot be exercised by issuing a reassessment notice in the name of a non-existent entity; the defect persisted despite being pointed out during 148A proceedings and before the appellate authority. Applying that principle, the ITAT quashed the notice and the reassessment proceedings as bad in law. Highlights Income Tax Fri, 13 Mar 2026 08:36:46 +0530 https://www.taxtmi.com/highlights?id=97658