https://www.taxtmi.com/caselaws?id=428833 A reassessment notice issued under section 148 to a company that had already ceased to exist on amalgamation is jurisdictionally invalid. Once the approved scheme takes effect, the amalgamating entity no longer has legal existence, so proceedings and consequential notices in its name cannot be sustained. Prior intimation to the Assessing Officer of the amalgamation reinforces the defect, and subsequent participation in the proceedings does not cure it. On this basis, the reassessment initiated against the non-existent company was quashed as without jurisdiction. en-us Wed, 21 Sep 2022 00:00:00 +0530 Wed, 12 Oct 2022 09:55:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428833 A reassessment notice issued under section 148 to a company that had already ceased to exist on amalgamation is jurisdictionally invalid. Once the approved scheme takes effect, the amalgamating entity no longer has legal existence, so proceedings and consequential notices in its name cannot be sustained. Prior intimation to the Assessing Officer of the amalgamation reinforces the defect, and subsequent participation in the proceedings does not cure it. On this basis, the reassessment initiated against the non-existent company was quashed as without jurisdiction. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428833