IT Proceeding against Company cease to be in existence is Illegal

In the present case, the Court notices that the impugned notice was issued against a non-existent entity i.e. M/s. Rishi Promoters which had ceased to exist by virtue of order of this Court dated 20.02.20 13. The date of its amalgamation was in fact earlier. Apparently, the respondent-revenue was aware of this and despite that it proceeded to issue the impugned notice. The judgment in Spice Entertainment (supra) and Dimension Apparels (F) Limited (supra), though rendered after the final assessment was completed, are clear that such notice and proceedings emanating from it are unsustainable. Ru...