Assessment against a Non-Existent entity is nullity in the Eyes of Law: ITAT deletes addition of Rs. 2,625 Cr against Genpact India

The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that framing of an assessment against a non-existent amalgamating entity was not procedural irregularity but a jurisdictional defect not covered under section 292B, so, assessment made by AO was a nullity in the eyes of law. The erstwhile entity ‘Genpact India Private Limited’ was amalgamated with […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3gae45R