Mahaveera Rice World (known as Mahavira Rice World LLP) Vs DCIT Circle 46(1)
Case No: ITA No. 6419/DEL/2025
Court: Income Tax Appellate Tribunal, Delhi Bench 'A', New Delhi
Bench: Delhi Bench 'A', New Delhi
Date: 2/13/2026
Parties Involved
appellantMahaveera Rice World (known as Mahavira Rice World LLP)
respondentDCIT Circle 46(1)
Facts Summary
The assessee firm M/s Mahaveera Rice World filed its return for A.Y 2014-15 on 07.08.2014, declaring total income of Rs. 15,64,030/-. The original assessment was completed u/s 143(3) by ITO Ward 46(2) Delhi vide order dated 21.12.2016 at assessed income of Rs. 21,54,330/-. Subsequently, the business of the firm was taken over by a private limited company, M/s Mahavira Rice World Pvt. Ltd., and the firm was dissolved vide dissolution deed dated 31.03.2018. The information regarding closure of bus…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of notice u/s 148 issued to a dissolved entity.
- 2. Validity and jurisdiction of reassessment proceedings.
2 more legal issues analysed in this judgement.
Precedents Relied Upon
4 precedents cited in this judgement.