Struck-off company assessments remain valid for tax liabilities, while unexplained-credit disputes require merits adjudication after a hearing. https://www.taxtmi.com/highlights?id=103237 Companies struck off under the Companies Act continue to exist for purposes of realising dues and discharging outstanding liabilities. Statutory saving provisions preserve the enforceability of liabilities against persons managing the company; therefore, assessment or reassessment is not invalid merely because the company has been struck off. Where the first appellate authority has not examined an unexplained-credit addition on merits because of non-appearance, fresh appellate consideration is required after providing an opportunity of hearing and allowing supporting material to be produced. en-us Mon, 31 Aug 2026 08:28:49 +0530 Mon, 31 Aug 2026 08:28:49 +0530 TaxTMI RSS Generator Struck-off company assessments remain valid for tax liabilities, while unexplained-credit disputes require merits adjudication after a hearing. https://www.taxtmi.com/highlights?id=103237 Companies struck off under the Companies Act continue to exist for purposes of realising dues and discharging outstanding liabilities. Statutory saving provisions preserve the enforceability of liabilities against persons managing the company; therefore, assessment or reassessment is not invalid merely because the company has been struck off. Where the first appellate authority has not examined an unexplained-credit addition on merits because of non-appearance, fresh appellate consideration is required after providing an opportunity of hearing and allowing supporting material to be produced. Highlights Income Tax Mon, 31 Aug 2026 08:28:49 +0530 https://www.taxtmi.com/highlights?id=103237