https://www.taxtmi.com/caselaws?id=445133 ITAT Mumbai held that assessment orders passed in the name of a non-existing amalgamated company are illegal and invalid. The AO cannot issue transfer pricing orders under section 92CA(3) and draft assessment orders under section 143C(1) in the name of a company that has ceased to exist through amalgamation, even after receiving information about the amalgamation. Following precedent from FedEx Express case, the Tribunal quashed the entire assessment proceedings as bad in law. The case was decided in favor of the assessee. en-us Wed, 16 Aug 2023 00:00:00 +0530 Tue, 31 Oct 2023 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445133 ITAT Mumbai held that assessment orders passed in the name of a non-existing amalgamated company are illegal and invalid. The AO cannot issue transfer pricing orders under section 92CA(3) and draft assessment orders under section 143C(1) in the name of a company that has ceased to exist through amalgamation, even after receiving information about the amalgamation. Following precedent from FedEx Express case, the Tribunal quashed the entire assessment proceedings as bad in law. The case was decided in favor of the assessee. Case-Laws Income Tax Wed, 16 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445133