https://www.taxtmi.com/caselaws?id=256589 The Court upheld the decision of the ITAT and CIT(Appeals), ruling that assessment on a dissolved company due to amalgamation is impermissible as per the Companies Act. The Court emphasized that such assessments are invalid, citing legal precedents to support its decision. It further clarified that Section 292B of the Income Tax Act cannot cure a jurisdictional defect in the assessment order, especially when framed against a non-existing entity. The judgment concluded by dismissing the appeals, stating no substantial question of law arose, reaffirming the invalidity of assessments on dissolved companies post-amalgamation. en-us Wed, 11 Feb 2015 00:00:00 +0530 Fri, 10 Apr 2026 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256589 The Court upheld the decision of the ITAT and CIT(Appeals), ruling that assessment on a dissolved company due to amalgamation is impermissible as per the Companies Act. The Court emphasized that such assessments are invalid, citing legal precedents to support its decision. It further clarified that Section 292B of the Income Tax Act cannot cure a jurisdictional defect in the assessment order, especially when framed against a non-existing entity. The judgment concluded by dismissing the appeals, stating no substantial question of law arose, reaffirming the invalidity of assessments on dissolved companies post-amalgamation. Case-Laws Income Tax Wed, 11 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256589