Bombay HC Quashed Reassessment as Notice Issued to Non-Existent Entity

J M Mhatre Infra Pvt. Ltd. Vs Union of India (Bombay High Court) The Bombay High Court examined the validity of a reassessment notice and consequent assessment order issued under the Income-tax Act, 1961, where both actions were taken in the name of a non-existent entity. The petitioner challenged a notice dated 25 July 2022 issued under Section 148 and an assessment order dated 18 May 2023 for Assessment Year 2015–16 on the ground that the notice was addressed to a partnership firm that had ceased to exist. It was undisputed that the partnership firm had merged into the petitioner company w...