Assessment in the name of non-existing entity is null & void ab-initio: ITAT Kolkata

Solvent Real Estate Pvt. Ltd. Vs ITO (ITAT Kolkata) Introduction: In the case of Solvent Real Estate Pvt. Ltd. vs ITO before the Income Tax Appellate Tribunal (ITAT) Kolkata, the validity of an assessment order under section 143(3) of the Income Tax Act, 1961, came under scrutiny. The tribunal ruled that framing an assessment in the name of a non-existing entity renders the order invalid and void ab-initio. Detailed Analysis: 1. Background: The cross-appeals were filed by both the assessee and the revenue against the order of the Commissioner of Income Tax (Appeals) for the assessment year 201...