Assessment orders against non-existent Companies/entities are invalid

ITO Vs Silverline Trading Company Ltd. (ITAT Mumbai) In the case of Income Tax Officer (ITO) vs. Silverline Trading Company Ltd., the Income Tax Appellate Tribunal (ITAT) in Mumbai addressed the validity of assessment orders issued against a company that no longer existed. Here’s a detailed summary of the case: The appeals, ITA No. 2234/Mum/2023 for Assessment Year (A.Y.) 2008-09 and ITA No. 2253/Mum/2023 for A.Y. 2009-10, were filed by the Income Tax Officer, 2(3)(1), Mumbai, against the appellate order passed by the National Faceless Appeal Centre, Delhi. The appellate order allowed th...