https://www.taxtmi.com/caselaws?id=336909 The Court ruled in favor of the petitioner in a case challenging a notice issued under section 148 of the Income Tax Act for reopening assessment for the Assessment Year 2009-2010 against the original assessee, M/s. Accurate Finstock Private Limited. The Court held that once a company is merged and ceases to exist, any notice issued against the non-existent company is invalid. The impugned notice and reassessment proceedings were quashed and set aside, emphasizing that assessments should be made on the transferee company post-merger. en-us Tue, 20 Dec 2016 00:00:00 +0530 Fri, 30 Dec 2016 18:14:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336909 The Court ruled in favor of the petitioner in a case challenging a notice issued under section 148 of the Income Tax Act for reopening assessment for the Assessment Year 2009-2010 against the original assessee, M/s. Accurate Finstock Private Limited. The Court held that once a company is merged and ceases to exist, any notice issued against the non-existent company is invalid. The impugned notice and reassessment proceedings were quashed and set aside, emphasizing that assessments should be made on the transferee company post-merger. Case-Laws Income Tax Tue, 20 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336909