2020 (9) TMI 1308

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..... was not in existence as on the dated of passing of the assessment order. Hence the assessment order passed on a non-existent company is bad in law. We are holding so by respectfully following the judgement of PCIT vs. Maruti Suzuki India Ltd. [ 2019 (7) TMI 1449 - SUPREME COURT] assessment itself is bad in law as it was made on a nonexistent company - Decided in favour of assessee. - Sri J. Sudh .....

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..... ancelling the assessment as the reopening of the assessment u/s 147 itself was bad in law. 3. For that even on merits the Ld CIT(A) should have decided the appeal since the assessee duly proved the identity, creditworthiness and genuinity of the transaction. 4. Rival contentions heard. On a careful consideration of the facts and circumstances of the case, perusal of the papers on record and case l .....

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