ITAT Delhi Quashes Assessment Passed on Non-Existent/Dissolved Company

Dazzle Developers P. Ltd Vs ITO (ITAT Delhi) The case of Dazzle Developers P. Ltd vs. ITO addresses the legal validity of an income tax assessment order issued to a company that no longer exists. The Income Tax Appellate Tribunal (ITAT) of Delhi reviewed an appeal from Dazzle Developers P. Ltd. against an order from the Commissioner of Income Tax (Appeals). The core of the dispute was a reassessment order for the Assessment Year 2012-13, which the assessee argued was invalid because the company had been dissolved prior to the issuance of the notice. The facts of the case, as presented by the ...