Order framed in name of non-existing entity is liable to be quashed

Chemester Food Industries Pvt. Ltd Vs PCIT (ITAT Delhi) ITAT Delhi held that assessment order framed in the name of a non-existing entity is non-est and liable to be quashed. Accordingly, initiation of proceedings u/s 263 based on such assessment order is liable to be set aside. Facts- This appeal by the assessee is directed towards the order of the PCIT-2 framed u/s 263 of the Income-tax Act, 1961. The Appellant disputes the very initiation of the proceedings u/s 263 of the Income Tax Act, 1961 by Ld. CIT by setting aside assessment orders passed by the Ld. AO u/s 143(3), despite Pr. CIT havi...