Issuance of Notice in name of Non-existing entity is Non-curable defect u/s 292B of Income Tax Act: ITAT quashes

The Income Tax Appellate Tribunal (ITAT) ruled that issuing a notice in the name of a non-existent entity is a non-curable defect under Section 292B of the Income Tax Act. This defect led to the quashing of a reassessment under Section 148. The case highlights the importance of correctly identifying the taxpayer to avoid procedural lapses in tax assessments. Such errors can invalidate reassessment actions, emphasizing procedural adherence in tax proceedings.