Merely Because PAN Remained Active in the Name of Non-Existent Company Can’t be a Ground For Assessment- Bombay HC

Recently, The Bombay HC ruled that merely because PAN remained active in the name of a non-existent company can’t be a ground for assessment. The bench of Justices Dhiraj Singh Thakur and Kamal Khataf was dealing with the petition challenging the notice issued under Section 14 of the Income Tax Act, 1961 as also the

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