https://www.taxtmi.com/caselaws?id=446414 The HC set aside the assessment order dated 09.03.2022, which was issued against a non-existent entity following a merger. The Court found the assessment legally unsustainable as the petitioner company had merged and dissolved before the order was passed. Despite the respondent's argument that the PAN was still active, the Court emphasized that the merger was communicated to tax authorities. The investment in Mutual Funds was transferred to the new entity, with no revenue impact. The Court rejected the respondent's request for remand and allowed the Writ Petition, closing related petitions without costs. en-us Wed, 01 Nov 2023 00:00:00 +0530 Mon, 04 Dec 2023 08:44:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446414 The HC set aside the assessment order dated 09.03.2022, which was issued against a non-existent entity following a merger. The Court found the assessment legally unsustainable as the petitioner company had merged and dissolved before the order was passed. Despite the respondent's argument that the PAN was still active, the Court emphasized that the merger was communicated to tax authorities. The investment in Mutual Funds was transferred to the new entity, with no revenue impact. The Court rejected the respondent's request for remand and allowed the Writ Petition, closing related petitions without costs. Case-Laws Income Tax Wed, 01 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446414