https://www.taxtmi.com/caselaws?id=434352 The HC set aside the re-assessment order dated 29.3.2022 under Sections 147 and 148 of the Income Tax Act 1961, due to lack of jurisdiction. The re-assessment notice was invalid as it was served on the transferor company, which ceased to exist following its merger with another company. The court found the re-assessment proceedings conflicted with the original assessment and failed to consider the merger, rendering the notice defective. The petitioner was not required to seek alternative remedies, and the revenue was instructed to proceed according to law, considering the judgment's observations. en-us Fri, 17 Feb 2023 00:00:00 +0530 Mon, 27 Nov 2023 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434352 The HC set aside the re-assessment order dated 29.3.2022 under Sections 147 and 148 of the Income Tax Act 1961, due to lack of jurisdiction. The re-assessment notice was invalid as it was served on the transferor company, which ceased to exist following its merger with another company. The court found the re-assessment proceedings conflicted with the original assessment and failed to consider the merger, rendering the notice defective. The petitioner was not required to seek alternative remedies, and the revenue was instructed to proceed according to law, considering the judgment's observations. Case-Laws Income Tax Fri, 17 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434352