https://www.taxtmi.com/caselaws?id=436925 The Court allowed the writ petition, setting aside the rejection of the petitioner's revised income tax return filed post-amalgamation. Relying on the precedent in Dalmia Power Limited, the Court directed the acceptance and processing of the revised return for the assessment year 2021-2022, emphasizing the obligation of the Income Tax Department to consider revised returns in cases of amalgamation. The decision highlighted the importance of assessing the total income of the successor company after such corporate restructuring, ultimately ruling in favor of the petitioner. en-us Tue, 11 Apr 2023 00:00:00 +0530 Mon, 24 Apr 2023 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436925 The Court allowed the writ petition, setting aside the rejection of the petitioner's revised income tax return filed post-amalgamation. Relying on the precedent in Dalmia Power Limited, the Court directed the acceptance and processing of the revised return for the assessment year 2021-2022, emphasizing the obligation of the Income Tax Department to consider revised returns in cases of amalgamation. The decision highlighted the importance of assessing the total income of the successor company after such corporate restructuring, ultimately ruling in favor of the petitioner. Case-Laws Income Tax Tue, 11 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436925