{"id":64843,"date":"2026-10-05T16:20:21","date_gmt":"2026-10-05T10:50:21","guid":{"rendered":"https:\/\/itatonline.org\/digest\/erangal-comtrade-and-consultancy-llp-v-acit-2025-180-taxmann-com-449-bomhc\/"},"modified":"2026-10-05T16:20:21","modified_gmt":"2026-10-05T10:50:21","slug":"erangal-comtrade-and-consultancy-llp-v-acit-2025-180-taxmann-com-449-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/erangal-comtrade-and-consultancy-llp-v-acit-2025-180-taxmann-com-449-bomhc\/","title":{"rendered":"Erangal Comtrade and Consultancy LLP v. ACIT [2025] 180 taxmann.com 449 (Bom)(HC)"},"content":{"rendered":"<p>Where assessee-company had been converted into an LLP and had ceased to exist, but the Assessing Officer issued notice under section 148 in the name of the erstwhile non-existent company and thereafter completed reassessment treating the fixed deposits as unexplained investment, the notice and consequential reassessment proceedings were held to be invalid and void ab initio, following the settled principle that proceedings initiated against a non-existent entity could not be sustained and participation in such proceedings could not cure the fundamental legal defect; accordingly, the notice under section 148 and reassessment order were quashed. (AY. 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148: Reassessment-Notice-Notice issued in the name of a non-existent company after conversion into an LLP-Notice and reassessment proceedings void ab initio.[S. 68, 147,  Limited Liability Partnership Act, 2008, S.58(1),Art. 226]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-64843","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gRR","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=64843"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64843\/revisions"}],"predecessor-version":[{"id":64844,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64843\/revisions\/64844"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}