https://www.taxtmi.com/caselaws?id=425898 The High Court quashed the notice issued under section 148 of the Income Tax Act for the assessment year 2015-16, following a company merger. The Court agreed with the petitioner that issuing notices to non-existent entities post-merger is invalid and lacks jurisdiction. Relying on legal precedents, the Court emphasized that assessment proceedings must align with corporate merger principles. The judgment in Special Civil Application No. 5803 of 2022 and related applications was in favor of the petitioner, leading to the quashing of the notices. en-us Tue, 21 Jun 2022 00:00:00 +0530 Mon, 27 Feb 2023 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425898 The High Court quashed the notice issued under section 148 of the Income Tax Act for the assessment year 2015-16, following a company merger. The Court agreed with the petitioner that issuing notices to non-existent entities post-merger is invalid and lacks jurisdiction. Relying on legal precedents, the Court emphasized that assessment proceedings must align with corporate merger principles. The judgment in Special Civil Application No. 5803 of 2022 and related applications was in favor of the petitioner, leading to the quashing of the notices. Case-Laws Income Tax Tue, 21 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425898