Dead Firm, Live Notice: ITAT Rajkot Quashes Reassessment Against Non-Existent Entity

Patel Brass Works Vs DCIT (ITAT Rajkot) Rajkot ITAT  set aside reassessment proceedings initiated against a non-existent firm, holding that such proceedings are void ab initio. Assessee firm had been converted into a Private Limited Company on 1st October 2010, yet AO issued notices u/s 148 on 29.03.2022 in the name of the erstwhile partnership firm. NFAC upheld the reassessment orders passed u/s 147 r.w.s. 144, leading to the present appeals. During hearing, Assessee relied on the Tribunal’s own earlier decision dated 30.12.2024 (ITA Nos. 414–418/RJT/2024) involving identical facts, wher...