https://www.taxtmi.com/caselaws?id=390358 The court held that the notice issued under Section 148 of the Income Tax Act to a non-existing entity post-amalgamation was illegal and without jurisdiction. Citing lack of procedural compliance and failure to provide reasons for reopening assessment, the court quashed the notice and subsequent penalty proceedings under Section 271 of the Act. The petitioner's challenge was successful, and the court ruled in favor of Gayatri Microns Limited, setting aside all proceedings. en-us Tue, 24 Dec 2019 00:00:00 +0530 Wed, 19 Aug 2020 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390358 The court held that the notice issued under Section 148 of the Income Tax Act to a non-existing entity post-amalgamation was illegal and without jurisdiction. Citing lack of procedural compliance and failure to provide reasons for reopening assessment, the court quashed the notice and subsequent penalty proceedings under Section 271 of the Act. The petitioner's challenge was successful, and the court ruled in favor of Gayatri Microns Limited, setting aside all proceedings. Case-Laws Income Tax Tue, 24 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390358