Assessment on Non-Existent Entity Held Void; ITBA Glitch Not a Valid Defense: Delhi HC:

PCIT Vs Boeing India Pvt. Ltd. (Delhi High Court) Delhi High Court in PCIT v. Boeing India Pvt. Ltd. upheld the ITAT’s decision quashing the assessment order for AY 2016–17 on the ground that it was passed in the name of a non-existent entity. Boeing International Corporation India Pvt. Ltd. had filed its return in November 2016, but later amalgamated with Boeing India Pvt. Ltd. pursuant to a scheme approved on 27.02.2018 with effect from 01.04.2017. The assessee duly informed the Assessing Officer about the amalgamation in April 2018. Despite this knowledge, the Assessing Officer issued t...