HC set aside Assessment order passed on Transferor/Non-existing Company 

Shapoorji Pallonji Samalpatti Operator Services Private Limited Vs ACIT (Madras High Court) In a recent judgment, the Madras High Court has set aside an assessment order dated 09.03.2022 passed by the second respondent under Section 147 r/w Section 144 of the Income Tax Act, 1961 for the Assessment Year 2013-14. The case involves Shapoorji Pallonji Samalpatti Operator Services Private Limited (Transferor Company) against the Assistant Commissioner of Income Tax (ACIT). Background The petitioner, represented by Ms. Gayatri.T, challenged the assessment order, contending that it was based on the ...