https://www.taxtmi.com/caselaws?id=313299 The ITAT dismissed the Revenue's appeal and allowed the assessee's Cross Objection, ruling that the assessment made under section 147 on a non-existent amalgamated company was invalid. The Tribunal emphasized that assessments must be conducted on existing entities, citing the SC's precedent in PCIT vs. Maruti Suzuki India Ltd. en-us Wed, 16 Sep 2020 00:00:00 +0530 Sat, 06 Apr 2024 05:28:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313299 The ITAT dismissed the Revenue's appeal and allowed the assessee's Cross Objection, ruling that the assessment made under section 147 on a non-existent amalgamated company was invalid. The Tribunal emphasized that assessments must be conducted on existing entities, citing the SC's precedent in PCIT vs. Maruti Suzuki India Ltd. Case-Laws Income Tax Wed, 16 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313299