{"id":25240,"date":"2022-02-26T19:07:33","date_gmt":"2022-02-26T13:37:33","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&p=25240"},"modified":"2022-03-02T05:47:58","modified_gmt":"2022-03-02T00:17:58","slug":"assessment-on-company-converted-into-company","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/assessment-on-company-converted-into-company\/","title":{"rendered":"Assessment on company converted into company"},"content":{"rendered":"
    \n
  1. Private Limited company\u00a0 applied to ROC for conversion in to LLP and filed board resolution and form No.LLP 1 for name availability and in FEB-2015. The Company has also filed provisional balance sheet as on 31.03.2015 along with Board resolution. to ROC for conversion into LLP.<\/li>\n
  2. However, Certificate of conversion into LLP received on 05.06.2015 and name of the Private limited was truck off from ROC<\/li>\n
  3. All the transaction of Private limited company effective from 01.04.2015 was incorporated in LLP books and offered for tax.<\/li>\n
  4. Assessment of LLP was done U\/s.143(3) for AY 2016-2017 where the said fact was disclosed to Assessing officer.<\/li>\n
  5. Assessment of Private Limited was also done for AY2015-2016 where the above fact was disclosed to AO.<\/li>\n
  6. Notice U\/s.148 for AY2016-2017 received in the name of the company.<\/li>\n
  7. The fact of Non Existence of company was intimated to AO and requested for drop the 148 proceedings.<\/li>\n
  8. Now Notice U\/s.142(1) for AY 2016-2017 was received from Faceless assessment in the name of private limited company for furnishing of details.<\/li>\n<\/ol>\n

    What should be the course of action in this situation. Pls suggest<\/p>\n

    Pls share your valuable opinion.<\/p>\n

    Thanks and Regards<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[159,520,413],"class_list":["post-25240","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-assessment","qa_tag-company-converted-in-to-llp","qa_tag-issue-of-notice"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/25240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=25240"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25240"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=25240"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=25240"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=25240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}