No assessment can be made in the hands of non-existing company

Brief of the case: In the case of M/s PVP Ventures Ltd. Vs. DCIT Chennai Bench of ITAT have held that assessment could not be made in the hands of non-existing company. ITAT observed that the company, assessed at Hyderabad, has amalgamated into assessee. In the case of Predecessor Company Hyderabad bench of ITAT have held that after amalgamation assessment can be made at Chennai where the successor company was assessed. After going through the provisions of section 170 ITAT held that the provisions of Section 170(2) will override the provisions of Section 170(1) of the Act. Therefore, the asse...