Assessment on non-existent entity is void; “technical glitch” not curable u/s 292B
The Bombay High Court, in Paras Defence and Space Technologies Ltd. v. DCIT, has quashed assessment proceedings where notices, assessment order, demand notice and penalty notices were issued in the name of a non-existent (amalgamated) entity, despite the assessee having repeatedly informed the Revenue of the amalgamation during earlier and current assessment proceedings.
