https://www.taxtmi.com/caselaws?id=416061 The High Court held that issuing a notice under Section 148 of the Income Tax Act to a non-existing entity post-merger was erroneous. Relying on the Supreme Court's precedent, the court quashed the notice and order, emphasizing the need for accurate verification before tax proceedings against entities affected by mergers. The Assessing Officer's reliance on Section 292B to rectify the error was rejected. The court directed the tax authority to inform the Assessing Officer accordingly, underscoring the significance of legal compliance in such cases. en-us Wed, 15 Dec 2021 00:00:00 +0530 Mon, 20 Dec 2021 09:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416061 The High Court held that issuing a notice under Section 148 of the Income Tax Act to a non-existing entity post-merger was erroneous. Relying on the Supreme Court's precedent, the court quashed the notice and order, emphasizing the need for accurate verification before tax proceedings against entities affected by mergers. The Assessing Officer's reliance on Section 292B to rectify the error was rejected. The court directed the tax authority to inform the Assessing Officer accordingly, underscoring the significance of legal compliance in such cases. Case-Laws Income Tax Wed, 15 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416061