Income Tax Assessment Void: Firm Non-Existent on Search Date, PAN Possession Irrelevant, Section 153A Invoked Incorrectly.

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....Assessment u/s 153A - the firm was not in existence and was ceased to exist on the date of search and mere holding a PAN does not alter the legal position that the firm was not in existence and accordingly, the assessment framed u/s 143(3) r.w.s. 153A of the Act is void and ab initio. - AT....