Section 263 Jurisdiction Not Upheld as Assessment Order Issued to Non-Existing Assessee: ITAT Mumbai

Raghuleela Estates Private Limited Vs PCIT (ITAT Mumbai)

ITAT Mumbai held that PCIT grossly erred in assuming jurisdiction u/s. 263 of the Income Tax Act as assessment order has been framed in the name of a non-existing assessee.

Facts- The present appeal is preferred by the assessee against the order framed u/s 263 of the Act by the PCIT pertaining to Assessment Year 2020-21.

The sum and substance of the grievance of the assessee is that the PCIT erred in assuming jurisdiction u/s 263 of the Act and further erred in holding that the assessment order

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