https://www.taxtmi.com/caselaws?id=411199 The Court quashed the notice issued under Section 148 of the Income Tax Act for the Assessment Year 2012-2013, finding that it was based on a fundamental error as the entity named in the notice had ceased to exist post-merger. Emphasizing the importance of legal accuracy and due diligence, the Court rejected the argument that the error could be corrected under Section 292B and ruled in favor of the petitioner, highlighting the need for precise legal procedures in invoking jurisdiction under the Act. en-us Tue, 10 Aug 2021 00:00:00 +0530 Mon, 10 Oct 2022 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411199 The Court quashed the notice issued under Section 148 of the Income Tax Act for the Assessment Year 2012-2013, finding that it was based on a fundamental error as the entity named in the notice had ceased to exist post-merger. Emphasizing the importance of legal accuracy and due diligence, the Court rejected the argument that the error could be corrected under Section 292B and ruled in favor of the petitioner, highlighting the need for precise legal procedures in invoking jurisdiction under the Act. Case-Laws Income Tax Tue, 10 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411199