https://www.taxtmi.com/caselaws?id=239502 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision that an assessment on a dissolved company post-amalgamation is impermissible under the Income Tax Act. The Tribunal ruled that a dissolved company ceases to exist legally, rendering assessment invalid. As the assessment order was nullified due to the company's dissolution, other grounds raised by the revenue and the assessee were deemed irrelevant. Consequently, both appeals and cross-objections were dismissed based on the assessment order's nullity. en-us Fri, 21 Sep 2012 00:00:00 +0530 Fri, 15 Nov 2013 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239502 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision that an assessment on a dissolved company post-amalgamation is impermissible under the Income Tax Act. The Tribunal ruled that a dissolved company ceases to exist legally, rendering assessment invalid. As the assessment order was nullified due to the company's dissolution, other grounds raised by the revenue and the assessee were deemed irrelevant. Consequently, both appeals and cross-objections were dismissed based on the assessment order's nullity. Case-Laws Income Tax Fri, 21 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239502