https://www.taxtmi.com/caselaws?id=263567 The Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) in appeals related to a textile business post-merger. It ruled that proceedings under Section 153A against a merged entity were invalid. Emphasizing the importance of legal compliance, the Court held that assessments on non-existent entities are flawed and cannot be rectified by subsequent actions. The judgment highlighted that proceedings cannot be initiated against entities that have ceased to exist. Consequently, the Court dismissed the appeals, affirming the ITAT's order and underscoring the significance of adherence to legal principles in assessments involving mergers and entity cessation. en-us Thu, 20 Aug 2015 00:00:00 +0530 Sat, 05 Sep 2015 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263567 The Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) in appeals related to a textile business post-merger. It ruled that proceedings under Section 153A against a merged entity were invalid. Emphasizing the importance of legal compliance, the Court held that assessments on non-existent entities are flawed and cannot be rectified by subsequent actions. The judgment highlighted that proceedings cannot be initiated against entities that have ceased to exist. Consequently, the Court dismissed the appeals, affirming the ITAT's order and underscoring the significance of adherence to legal principles in assessments involving mergers and entity cessation. Case-Laws Income Tax Thu, 20 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263567