Validity of Assessment Order Passed on Struck-off Company Challenged: ITAT Dismisses Appeal Due to Lack of locus standi

In a significant ruling, the Income Tax Appellate Tribunal (ITAT) dismissed an appeal challenging an assessment order passed on a struck-off company. The company was dissolved before the assessment order was passed, making the order invalid. However, the appellant lacked the legal standing (locus standi) to challenge the order, as the entity no longer existed. The Tribunal emphasized the importance of locus standi, particularly in cases involving dissolved companies. This ruling underscores the legal principle that once a company is struck off from the register, it ceases to have a legal identity, rendering any legal proceedings against it null and void.