https://www.taxtmi.com/caselaws?id=241052 The Tribunal upheld the decision that the assessment on a dissolved/amalgamated company is invalid, as a dissolved company ceases to exist legally. The additions made by the Assessing Officer were deleted on merits, further emphasizing the invalidity of the assessment. The judgment highlighted the importance of initiating proceedings based on legal and factual grounds within prescribed time limits. The appeals by the revenue and cross objections by the assessee were dismissed, underscoring the significance of statutory compliance in assessment matters. en-us Wed, 27 Nov 2013 00:00:00 +0530 Mon, 16 Dec 2013 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241052 The Tribunal upheld the decision that the assessment on a dissolved/amalgamated company is invalid, as a dissolved company ceases to exist legally. The additions made by the Assessing Officer were deleted on merits, further emphasizing the invalidity of the assessment. The judgment highlighted the importance of initiating proceedings based on legal and factual grounds within prescribed time limits. The appeals by the revenue and cross objections by the assessee were dismissed, underscoring the significance of statutory compliance in assessment matters. Case-Laws Income Tax Wed, 27 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241052