RBSL Traders (OPC) Pvt.Ltd. vs DCIT

Parties Involved

Facts Summary

The appeal was filed by RBSL Traders (OPC) Pvt.Ltd. against the First Appellate order dated 29.12.2023 passed by the Commissioner of Income Tax (A), National Faceless Appeal Centre (NFAC), Delhi, arising from the assessment order dated 21.12.2022. The assessee challenged the additions of INR 31,84,04,438/- on account of alleged non-genuine and bogus purchases. The company was struck off from the Register of Companies under s. 248(5) of the Companies Act, 2013 as per communication dated 21.12.2021. The CBDT notification F.No.225/423/2017-ITA.II dated 29.12.2017 requires companies struck off to be restored for continuation of income tax proceedings, which was not done in this case.…

Legal Issues

• 1. Validity of assessment order on a dissolved company

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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