Madras HC Quashes Reassessment Notice against non-existent entity

Asianet Star Communications Private Limited Vs ACIT (Madras High Court) The Madras High Court has invalidated a reassessment notice issued by the Income Tax Department to Asianet Star Communications Private Limited (formerly Asianet Communications Private Limited) for the Assessment Year 2012-13. The court found that the notice was issued to a non-existent entity and that the department failed to demonstrate any new material justifying the reopening of the assessment. The case originated from a challenge by Asianet Star Communications Private Limited (ASCPL) against a notice under Section 148 ...