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TaxBuzz – Delhi High Court Settles the Buzz on Validity of Proceedings Against a Non-Existent Entity September 28, 2024
Published in: TaxBuzz
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We are pleased to share with you a copy of our in-house publication – “TaxBuzz”, wherein we have analysed the recent ruling of the Delhi High Court in a batch of matters led by Religare Securities Ltd. The High Court in the said ruling, has delved into aspects relating to validity of the assessment/ reassessment undertaken under the Income Tax Act, 1961 (‘the Act’) on an entity not in existence or dissolved under the provisions of law. In the ultimate conclusion, the Court has held that proceedings instituted and/ or completed in the name of a non-existent entity is nullity and void in the eyes of law.
The said ruling is likely to impact those assessee wherein the assessment/ re-assessment proceedings were initiated and/ or completed in the name of amalgamating entity, and thus, requires the attention of such assessees.
We trust that you will find our TaxBuzz useful and look forward to receiving your valuable feedback.
For any further information/ clarification, please feel free to write to:
Mr. Rohit Jain,
Senior Partner
[email protected]
Mr. Aniket D. Agrawal
Associate Partner
[email protected]
