Re-assessment proceedings against non-existent entity – HC remands matter back to AO

Bit-Byte Investment Services Pvt. Ltd Vs DCIT (Delhi High Court) Present writ petition has been filed challenging the show cause notice dated 12th March, 2022 issued under Section 148A(b) of the Income Tax Act, 1961 [‘the Act’] as well as the order passed under Section 148A(d) of the Act and the notice issued under Section 148 of the Act, both dated 30th March, 2022 for the Assessment Year 2018-19. Learned counsel for the Petitioner submits that the impugned order and notices are void ab-initio as they have been issued in the name of “M/s Leasemen Fin-invest India Ltd.” a non-existent ...