https://www.taxtmi.com/caselaws?id=360333 The Tribunal held that proceedings initiated under sections 147/148 of the Income Tax Act and subsequent assessment orders were void ab initio due to being directed against a non-existent entity post-amalgamation. Citing legal precedents, including the decision in Modi Corpn. Ltd. vs. Jt. CIT, the Tribunal upheld the CIT(A)'s ruling, emphasizing that an amalgamated company loses its entity and cannot be assessed. Consequently, the Revenue's appeal was dismissed, and the order was issued on 9/01/2018. en-us Tue, 09 Jan 2018 00:00:00 +0530 Tue, 15 May 2018 07:14:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360333 The Tribunal held that proceedings initiated under sections 147/148 of the Income Tax Act and subsequent assessment orders were void ab initio due to being directed against a non-existent entity post-amalgamation. Citing legal precedents, including the decision in Modi Corpn. Ltd. vs. Jt. CIT, the Tribunal upheld the CIT(A)'s ruling, emphasizing that an amalgamated company loses its entity and cannot be assessed. Consequently, the Revenue's appeal was dismissed, and the order was issued on 9/01/2018. Case-Laws Income Tax Tue, 09 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360333