Order passed on non-existing entity is liable to be quashed

DCIT Vs BJN Holdings Ltd (ITAT Delhi) ITAT Delhi held that assessment order passed on non-existing entity (dissolved company) is liable to be quashed as the Assessing Officer has the knowledge of the dissolution of the company. Facts- A search & seizure operation u/s 132 of the Income Tax Act was carried out on 16.09. 2011. Notice u/s 143C was issued on 03 .07.2018 and notice u/s. 143(2) was issued on 14.09.2018. Notice u/s. 142(1) was issued on 04.07.2018, 16.10.2018. The entity BJN Holdings Ltd. was dissolved on 09.08.2010 u/s. 273A of the Companies Act, 1931. The entire assets and liabi...