Assessment Order in Name of Non-Existent Entity cannot be Cured u/s 292B of Income Tax Act: Delhi HC [Read Order]

Once an assessment is made in the name of a non-existent entity, it cannot be rectified as a mere procedural irregularity under Section 292B
By Aiswarya Krishnadas - On October 1, 2024 11:22 am - 2 mins read
Delhi HC - Delhi High Court - Assessment Order - Non-Existent Entity - Section 292B of the Income Tax Act - Income Tax - High Court News - High Court Updates - taxscan

In a recent ruling, the Delhi High Court held that an assessment order issued in the name of a non-existent entity, following an amalgamation, cannot be cured under Section 292B of the Income Tax Act, 1961. The case involved writ petitions where the petitioners challenged the validity of assessment and reassessment actions taken against entities…

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