2024 (11) TMI 1643

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.... the petitioner submitted that the petitioner was an Ex-Director of Manshi Shuttleless Looms Private Limited, which was incorporated on 05.08.2004 and ceased to exist since 07.01.2011 as its name was struck off by the Registrar of the Companies from the Register of Companies. 3. It is pointed out that a notice under Section 148 of the Income Tax Act, 1961 dated 29.03.2019 was issued, which could not have been received by the company which has been dissolved in 2011. It was further submitted that the respondent authority could not have proceeded further with the assessment proceedings of the company which has ceased to exist since 2011. 4. It was further pointed out by the learned advocate Mr. Vora that the respondent authority filed a....

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.... during the F.Y. 2013-14 in the bank account of the assessee company, the case of assessee company was reopened by issuing notice u/s. 148 of the Act on 25.03.2019 after taking approval from the competent authority. 2.2 It is further submitted that the assessee company did not comply with the said notice u/s. 148 of the Act. It is further submitted that subsequently various notices were issued including notice u/s. 142(1) of the Act dated 22.10.2019 and it has been served through affixture. It is submitted that the assessee company has not made any submissions in compliance of the said notices. Finally a show cause notice was issued on 22.11.2019 which also remained uncompiled by the assessee. 2.3 It is further submitted t....