https://www.taxtmi.com/caselaws?id=420681 An assessment framed in the name of an amalgamating company is not automatically a nullity merely because the transferor company has ceased to exist. The Court held that the effect of amalgamation must be examined under the amalgamation terms, Section 394(2) of the Companies Act, 1956, Section 2(1A) of the Income-tax Act, 1961, and the surrounding conduct of the assessee. Where the taxpayer continued to hold itself out as the same assessee, filed the return in the transferor's name, participated in the proceedings, and did not clearly disclose the amalgamation at the earliest stage, the assessment could be treated as relatable to the transferee company and remain valid despite the form of the order. en-us Tue, 05 Apr 2022 00:00:00 +0530 Thu, 11 Jun 2026 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420681 An assessment framed in the name of an amalgamating company is not automatically a nullity merely because the transferor company has ceased to exist. The Court held that the effect of amalgamation must be examined under the amalgamation terms, Section 394(2) of the Companies Act, 1956, Section 2(1A) of the Income-tax Act, 1961, and the surrounding conduct of the assessee. Where the taxpayer continued to hold itself out as the same assessee, filed the return in the transferor's name, participated in the proceedings, and did not clearly disclose the amalgamation at the earliest stage, the assessment could be treated as relatable to the transferee company and remain valid despite the form of the order. Case-Laws Income Tax Tue, 05 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420681