Assessment order passed on a non-existent company is null and void

Allscripts (India) LLP Vs National Faceless Assessment Centre (ITAT Ahmedabad)

ITAT Ahmedabad held that draft assessment order u/s 143(3) read with section 144C of the Income Tax Act passed on a non-existent company is null and void.

Facts- The assessee filed return of income for Rs. 43,92,20,220/- for the impugned assessment year and the assessing officer proposed addition of Rs. 16,93,08,987/- to the total income of the assessee by way of adjustment to the arm’s-length

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