ITAT set-aside Assessment Order Passed against Non-Existing Entity

Culver Max Entertainment Private Limited Vs ACIT (ITAT Mumbai)

The short issue agitated in appeal before us is, validity of assessment order passed in the name of a Non-existing entity. Undisputedly, the draft assessment order and the directions of the DRP are in the name of ‘SPENI’ i.e. the erstwhile entity. The Hon’ble Bombay High Court approved the Scheme of Amalgamation of ‘SPENI’ with ‘SPNI’ vide order dated 01/07/2016. The assessee vide communication dated 16/01/2017 informed the Asse

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