period i.e. on 30.01.2022, does not pertain to RSL or
resulting entity RBL, while the same pertains to RFL. As RFL has
earned income ... nonexistent company and ground that no ITR has been
filed by a non-existent entity, issuing notice under section 148 of
the Act would
case of the Appellant who is now a non existing entity after Order dt. 06.03.2017
passed by the Hon'ble Calcutta High Court that ... nonexistent in Law.
3) That the Ld. A.O has erred in computing a separate total income for the
amalgamating/merging entity
Before the learned CIT - A assessee explained that both
these entities of amalgamated with other entities and for
Page ... view of
corporate restructuring resulting nonexistence of those
companies have resulted into non-compliance by these
entities before the assessing officer. However when the
details
money was
received from independent legal entities. The survey revealed
that some of the investor companies were nonexistent, and had
no office at the address
ignoring the fact that the entities from
whom the transactions claimed to have been made, were found to be nonexistent
or untraceable during inquiries conducted
without appreciating the fact that the entities from which purchases have
shown to be made are bogus and nonexistent.
3. The CIT(A), being
entities trading with each other and then by-means of a
fictional sale introduce a fictional profit which in truth
and in fact is nonexistent
passed the final order in the old name i.e. a nonexistent company.
8. Referring to the sequence of events the Ld. Counsel ... April 2012 Change in the name of the Certificate of Annexure 1
entity from 'Sony Ericson incorporation
Mobile Communications
( India) Private Limited
remotely suggest, that the share application
money was received from independent legal
entities. The survey revealed that some of the
investor companies were non-existent ... Ispat Sheet
Ltd. and Novelty Traders Ltd., were found to be
nonexistent at the address provided.
The genuineness of the transaction was found
informed that the companies were found to
be nonexistent on the given addresses
In this connection we have also noticed the assessee's
explained ... correct based on the following facts-
1. All the depositors are corporate entities and are duly registered with the
registrar of companies. Details with respect
