IT Notices to Non-Existent Company Void Ab Initio, Not Rectifiable Under Section 292B: Bombay HC

City Corporation Limited Vs ACIT (Bombay High Court)

Income Tax notices to non-existent company were void ab initio & cannot be rectified under Section 292B: Bombay HC

Bombay High Court ruled on a set of petitions filed by City Corporation Limited (CCL) challenging reassessment notices issued under Section 148 of the Income Tax Act, 1961. These notices, dated March 31, 2023, were issued to Amanora Future Towers Pvt. Ltd. (AFTPL), a company that had merged with CCL effective April 1, 2018. The Income Tax Department had been formally notified of the merger

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