Revisionary Order passed u/s 263 in Name of Non-Existent Entity is Void Ab-Initio and can’t give rise to any Valid Collateral Proceeding: ITAT [Read Order]

By Sunayana Dhal - On December 21, 2023 12:32 pm - 2 mins read
Revisionary Order - Collateral - ITAT - ITAT Kolkata - Collateral Proceeding - Non Existent Entity - Void Ab Initio - taxscan

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the revisionary order passed under Section 263 of the Income Tax Act, 1961 in the name of a non-existent entity is void ab initio and cannot give rise to any valid collateral proceeding. The assessee filed its return of income declaring a total…

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