https://www.taxtmi.com/caselaws?id=272219 Reassessment notices addressed to an amalgamating company that had ceased to exist were invalid, because reopening must be initiated against a legally existing assessee and proceedings against a non-existent entity are jurisdictionally void. Reopening was also unsustainable because Section 147 requires tangible material giving rise to a bona fide reason to believe that income escaped assessment; a prior order for another year and a scrutinised transaction did not provide a live link or close nexus with the relevant years. The notices were therefore quashed on both grounds. en-us Wed, 24 Feb 2016 00:00:00 +0530 Mon, 02 May 2016 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272219 Reassessment notices addressed to an amalgamating company that had ceased to exist were invalid, because reopening must be initiated against a legally existing assessee and proceedings against a non-existent entity are jurisdictionally void. Reopening was also unsustainable because Section 147 requires tangible material giving rise to a bona fide reason to believe that income escaped assessment; a prior order for another year and a scrutinised transaction did not provide a live link or close nexus with the relevant years. The notices were therefore quashed on both grounds. Case-Laws Income Tax Wed, 24 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272219