Assessment against an entity that had ceased to exist prior to the initiation of proceedings. The effect...

Assessment against an entity that had ceased to exist prior to the initiation of proceedings. The effect of a change in name was considered a curable defect u/s 292B, as decided in Sky Light Hospitality LLP, wherein the Supreme Court held that the wrong name given in the notice was merely a clerical error that could be corrected. Since there was no change in the entity, only a change in the company's name, the Show Cause Notice and Penalty Order issued in the name of M/s. Infovision Information Services Pvt. Ltd. were not fatal defects and could be cured. The penalty order imposed beyond the limitation period was addressed. The survey was conducted in January 2008 to verify TDS deduction and deposit, and the AO passed the order on 30.03.201..... .....

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