9911796707
TMI Blog2021 (2) TMI 315X X X X Extracts X X X X X X X X Extracts X X X X ..... , a non-existent entity which had already merged / amalgamated with M/s. Tanuj Properties Pvt. Ltd. is bad in law.- Decided in favour of assessee. - ITA No. 371/Kol/2020 - - - Dated:- 16-12-2020 - Shri P.M. Jagtap, Hon ble Vice-President (KZ) And Shri A.T. Varkey, Hon ble Judicial Member For the Assessee : Smt. Akkal Dudhwewala, AR For the Revenue : Shri Imokaba Jamir, CIT ORDER ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (3) was held to be erroneous as well as prejudicial to the interest of the revenue by the Ld. PCIT and a notice was issued by him on 12.03.2020 initiating the proceedings u/s 263 of the Act. In pursuance of the said notice, an order u/s 263 was passed by the Ld. PCIT u/s 263 of the Act on 20.03.2020 setting aside the order dated 28.07.2017 passed by the AO u/s 143(3) with the direction to him to m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2020 placed at page no. 4 of the Paper Book to point out that M/s. Keshri Towers Pvt. Ltd. was merged / amalgamated with M/s. Tanuj Properties Pvt. Ltd. as per the order of Hon ble National Company Law Tribunal Kolkata Bench dated 16.10.2019 with effect from 01.04.2018 and intimation of the same was duly given to the concerned Assessing Officer by the said letter dated 02.01.2020. He has submitted ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... revision proceedings u/s 263 of the Act in the name of M/s. Aarcee Holdings Pvt. Ltd. which was not in existent having already amalgamated with another company namely Padmavati Properties Trust Ltd. vide the order of the Hon ble Calcutta High Court dated 17.04.2008 w.e.f. 01.04.2007. The revision proceedings u/s 263 thus were initiated in the name of non-existent entity and the same as well a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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