https://www.taxtmi.com/caselaws?id=445866 The HC addressed the interpretation of Section 170A of the Income Tax Act, 1961, concerning the obligation to file a modified return post-amalgamation. The Court held that the assessing officer could not proceed with the assessment based on the pre-merger return and stayed the proceedings until 31.03.2023 to allow for filing the modified return. After the petitioner filed the modified return, the Court directed the assessing officer to conduct a scrutiny assessment based on this return, excluding the stay period, and allowed 60 days for completing the assessment as per Section 153's first proviso. en-us Thu, 19 Oct 2023 00:00:00 +0530 Tue, 21 Nov 2023 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445866 The HC addressed the interpretation of Section 170A of the Income Tax Act, 1961, concerning the obligation to file a modified return post-amalgamation. The Court held that the assessing officer could not proceed with the assessment based on the pre-merger return and stayed the proceedings until 31.03.2023 to allow for filing the modified return. After the petitioner filed the modified return, the Court directed the assessing officer to conduct a scrutiny assessment based on this return, excluding the stay period, and allowed 60 days for completing the assessment as per Section 153's first proviso. Case-Laws Income Tax Thu, 19 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445866