https://www.taxtmi.com/caselaws?id=400292 Assessment in the name of a company that ceased to exist following amalgamation and conversion into an LLP is void from inception. Departmental knowledge of the restructuring prevents reliance on procedural defects, and participation in proceedings does not cure the jurisdictional defect under section 292B. Goodwill recorded by an amalgamated company as the excess of consideration, including shares issued under a sanctioned amalgamation scheme, over net assets may qualify as an intangible asset. Where consideration was incurred to acquire goodwill, depreciation is available under section 32 as a business or commercial right of similar nature; valuation objections or colourable-device allegations do not displace an approved scheme or its valuation basis. en-us Wed, 21 Oct 2020 00:00:00 +0530 Thu, 31 Jul 2025 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400292 Assessment in the name of a company that ceased to exist following amalgamation and conversion into an LLP is void from inception. Departmental knowledge of the restructuring prevents reliance on procedural defects, and participation in proceedings does not cure the jurisdictional defect under section 292B. Goodwill recorded by an amalgamated company as the excess of consideration, including shares issued under a sanctioned amalgamation scheme, over net assets may qualify as an intangible asset. Where consideration was incurred to acquire goodwill, depreciation is available under section 32 as a business or commercial right of similar nature; valuation objections or colourable-device allegations do not displace an approved scheme or its valuation basis. Case-Laws Income Tax Wed, 21 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400292