exists as an amalgamated entity and it may not be entirely
correct to state that the entity is totally non-existent. In this context ... cause title by
including the name of both the existing and non-existing entity, the assessment order
13
ITA No. 170/JPR/2024
Aksh Optifibre
assessment in the
name of M/s Spice which was non-existing entity on that day. In
such proceedings assessment order passed in the name ... Singhal Securities Ltd.
has not been held to be a non-existent entity.
13. In this connection it is important to point out that
were invoked to treat the
share application/premium received from these non-existent entities as unexplained
cash credits. Additionally, Section 69C was applied for unexplained ... Existent Entities
o Investigations revealed that the entities providing share application money
were shell companies controlled by Shri Mukesh Banka. These entities
were non-existent
were invoked to treat the
share application/premium received from these non-existent entities as unexplained
cash credits. Additionally, Section 69C was applied for unexplained ... Existent Entities
o Investigations revealed that the entities providing share application money
were shell companies controlled by Shri Mukesh Banka. These entities
were non-existent
were invoked to treat the
share application/premium received from these non-existent entities as unexplained
cash credits. Additionally, Section 69C was applied for unexplained ... Existent Entities
o Investigations revealed that the entities providing share application money
were shell companies controlled by Shri Mukesh Banka. These entities
were non-existent
were invoked to treat the
share application/premium received from these non-existent entities as unexplained
cash credits. Additionally, Section 69C was applied for unexplained ... Existent Entities
o Investigations revealed that the entities providing share application money
were shell companies controlled by Shri Mukesh Banka. These entities
were non-existent
were invoked to treat the
share application/premium received from these non-existent entities as unexplained
cash credits. Additionally, Section 69C was applied for unexplained ... Existent Entities
o Investigations revealed that the entities providing share application money
were shell companies controlled by Shri Mukesh Banka. These entities
were non-existent
money has been
collected by the assessee is a bogus/non-existent entity. This has been
categorically stated by Sh. Mukesh Banka, owner ... money has been collected by the assessee is a
bogus/non-existent entity. Thus, it goes to prove that the assessee had
introduced
would lose its existence
and the assessment order passed subsequently in the name of the said non- existing entity
would be without jurisdiction and liable
merger with SBI on 31.03.2017. The proceedings initiated
on the non-existing entity are substantive illegal and is in violation of
law.Considering the legal ... position and various landmark judgments
proceedings done on non- existent entity is void ab initio.
The Hon'ble Supreme Court in the judgment
