https://www.taxtmi.com/caselaws?id=403823 The Tribunal allowed the appeal, holding the order passed by Ld. PCIT under section 263 to be invalid as it was issued in the name of a non-existent entity, M/s. Keshri Towers Pvt. Ltd., which had merged with M/s. Tanuj Properties Pvt. Ltd. The Tribunal cited a precedent where revision proceedings initiated in the name of a merged entity were deemed invalid, following decisions by the Hon'ble Delhi High Court and the Hon'ble Calcutta High Court. The order directing a de novo assessment was canceled. en-us Wed, 16 Dec 2020 00:00:00 +0530 Tue, 09 Feb 2021 10:21:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403823 The Tribunal allowed the appeal, holding the order passed by Ld. PCIT under section 263 to be invalid as it was issued in the name of a non-existent entity, M/s. Keshri Towers Pvt. Ltd., which had merged with M/s. Tanuj Properties Pvt. Ltd. The Tribunal cited a precedent where revision proceedings initiated in the name of a merged entity were deemed invalid, following decisions by the Hon'ble Delhi High Court and the Hon'ble Calcutta High Court. The order directing a de novo assessment was canceled. Case-Laws Income Tax Wed, 16 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403823