Assessment Order in Name of Non-Existent Entity cannot be Cured u/s 292B of Income Tax Act: Delhi HC

The Delhi High Court ruled that assessment orders issued in the name of a non-existent entity cannot be rectified under Section 292B of the Income Tax Act. The case involved a company that had been amalgamated, and the tax authorities mistakenly issued an order in the name of the dissolved entity. The court emphasized that such errors are not curable under the said provision, and the tax authorities must exercise due diligence in ensuring accurate legal identities in their orders.