Issuance of notice to demerged company is invalid

ACIT Vs Keti Construction (India) Limited (ITAT Indore) ITAT Indore held that issuance of notice under section 148 of the Income Tax Act to the demerged company i.e. non-existent company is invalid and liable to be quashed. Facts- The assessee is a company engaged in the business of civil construction and BOT contracts. The return was filed u/s. 139 and the same was processed u/s. 143(1). Thereafter, a search u/s. 132 was carried upon the assessee. In pursuance of which the assessment was re-made u/s 153A read with section 143(3) vide order dated 20.03.2014. However, subsequently, the departme...