Legal provisions and remedies available to the Assessing Officer (AO) when dealing with a company whose...

Legal provisions and remedies available to the Assessing Officer (AO) when dealing with a company whose name has been struck off from the register of companies. Key points: Sections 159-163, 166-167 of the Income Tax Act, dealing with legal representatives, representative assessees, agents, and remedies against property, are not applicable in this case. Section 170, concerning succession of business, is also irrelevant. Section 176(1) allows assessment of income for the period until discontinuance of business. Section 178, regarding companies in liquidation, does not apply as this was a voluntary dissolution. u/s 179, the former director can be proceeded against for recovery of tax payable by the erstwhile company but cannot challenge the m..... .....

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