Reassessment Upheld as Section 148 Notice Issued Before Company Was Struck Off: ITAT Surat

Amizara Construction Pvt. Ltd. Vs ITO (ITAT Surat)

The appeals before the Income Tax Appellate Tribunal, Surat Bench arose from reassessment proceedings for Assessment Years 2010–11 and 2012–13, where the assessee challenged the validity of reassessment and the powers exercised by the Commissioner of Income Tax (Appeals) [CIT(A)] after the company’s name had been struck off by the Registrar of Companies (ROC).

For AY 2010–11, the assessee company did not file a return of income. Based on information that substantial cash deposits had been made in the company’s ICIC

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