If we agree that $\textbf{(a) }\dfrac{x}{x}=1$, $\textbf{(b) }\dfrac{0}{x}=0$, and that $\textbf{(c) }\dfrac{x}{0}=\infty^{\large\dagger}$, and let us suppose $z=0$:
$$\begin{align*}
z&=0&&\text{given.}\\
\dfrac{z}{z}&=\dfrac{0}{z}&&\text{divide each side by }z.\\
\dfrac{z}{z}&=0&&\text{by }\textbf{(b)}.\\
1&=0&&\text{by }\textbf{(a)}.
\end{align*}$$
Now, from this, we can get say that $\dfrac{0}{0}=1$. What went wrong?
$\dagger$ Or undefined, if you prefer it.