ROC Strike-off Makes Company Non-existent – Additions of ₹1.83 Cr Deleted

S.S. Diam Private Limited Vs ITO (ITAT Jaipur) ROC Strike-off Makes Company Non-existent – Assessment on Non-existent Company – Additions of ₹1.83 Cr Deleted Assessee-company engaged in jewellery business was struck off by ROC on 01.11.2016 for non-filing of financial statements (FY 2013-14 to 2015-16). Directors disqualified for five years u/s 164(2)(a) of Companies Act. Despite being informed, AO completed best judgment assessment u/s 144 on 30.12.2019, adding- ₹54.35 lakh u/s 69A – cash deposit during demonetization & ₹1.29 Cr by applying 8% NP on bank credits of ₹...