2022 (7) TMI 1485

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....come-tax Act, 1961 (the Act), by ITO Ward, 2(3)(2), Mumbai (the learned Assessing Officer) was allowed, therefore the learned Assessing Officer is aggrieved with that order and has preferred this appeal raising following grounds of appeal:- "1. Whether on the facts and in the circumstances of the case and in law, the Ld. CIT(A) was legally correct in allowing the appeal of the assessee by holding that the notice issued u/s 148 of the I.T. Act to a nonexisting company is bad in law. 2. Whether on the facts and in the circumstances of the case and in law, the Ld. CIT(A) was legally correct in ignoring the ratio laid down by the decision of the Delhi High Court in Skylight Hospitality LLP v Assistant Commissioner of Income Ta....

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....edited of Rs.1,62,83,840/- of cash deposits and cheque deposits as unexplained money under Section 69 of the Act. Accordingly, he assessed the assessee at Rs.1,70,00,000/- by passing an order under Section 144 read with section 144(3) and 147 of the Act by order dated 29th February, 2016. Assessee passed the assessment order in the name of 'Silver Line Trading Pvt. Ltd.' 03. Aggrieved with that assessee preferred an appeal before the learned CIT (A) and stated that learned Assessing Officer despite having knowledge that assessee is a non existing company passed an assessment order in the name of the company. It was stated before the learned CIT (A) that appellant is a dissolved and non existing company which was intimated to the lear....