Notice issued against dissolved firm invalid; firm ceased to ...
Dissolved firm's reassessment invalid; non-existent entity can't face tax proceedings.
October 11, 2024
Case Laws Income Tax HC
Notice issued against dissolved firm invalid; firm ceased to exist, rendering reassessment proceedings untenable. Apex Court's decision in Maruti Suzuki case mandates quashing impugned notice and reassessment order issued against non-existent entity. Appeal allowed, reassessment proceedings quashed.
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