assessment in the name of M/s Spice which
was nonexisting entity on that day. In such proceedings
and assessment order passed in the name
assessment in the name of M/s Spice which was
nonexisting entity on that day. In such proceedings
and assessment order passed in the name
note that in the above cases, the nonexistence entity
has been succeeded by either the amalgamated company or by a
limited liability partnership respectively. Thus
assessment in the name of M/s Spice which
was nonexisting entity on that day. In such
proceedings and assessment order passed in the name
found that assessment is framed in the name of nonexisting entity, it does
not remain a procedural irregularity of ht nature which could be cured
amalgamation of the two companies the
transferor company ceased to have any entity and the
amalgamated company acquired a new status ... companies, the
transferor company did not become nonexistent
instead it continued its entity in a blended form with
the appellant company. The High Court
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
making addition at estimated profit @ 12.5% of
purchases made from bogus entities by considering the
suppressed profit element embedded in such purchases, therefore
we thought ... case,
the Ld, AQ has shown that the party in question was
nonexistent The appellant has not been able to
disprove the findings
Shree Global Tradefin Ltd, Mumbai vs Dcit Cen Cir 5(1), Mumbai on 15 October
Jitendra M Kitavat, Mumbai vs Ito 18(1)(5), Mumbai on 13 April, 2018
आयकर