Partnership Firm Converted into LLP: ITAT quashes Revision Proceedings Due to Non-Existence of Entity [Read Order]

Considering the non-existence of the entity, ITAT quashed the revision order
By Kavi Priya - On October 13, 2024 2:56 pm - 2 mins read
ITAT - ITAT Surat - Revision Proceedings - Partnership Firm - Income Tax - Section 263 of Income Tax Act - Partnership firm converted into LLP - TAXSCAN

The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the revision order passed under Section 263 of the Income Tax Act, 1961 because the entity in question did not exist during the assessment year under review. Shree Neelkanth Quarry Works LLP was converted from a partnership firm into an LLP on…

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