https://www.taxtmi.com/caselaws?id=313884 The Bombay HC held that reassessment proceedings conducted in the name of a non-existing company after court-approved amalgamation are void, not merely procedurally defective. Following precedents from Delhi HC in Spice Entertainment Ltd. and SC in Pr. CIT v. Maruti Suzuki India Ltd., the court ruled that once amalgamation is complete, the amalgamating entity ceases to exist and cannot be subject to assessment proceedings. The Revenue's argument that reassessment could be initiated for pre-amalgamation periods against a non-existent entity was rejected as legally untenable. The writ petition was allowed. en-us Mon, 27 Mar 2023 00:00:00 +0530 Mon, 06 May 2024 20:05:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313884 The Bombay HC held that reassessment proceedings conducted in the name of a non-existing company after court-approved amalgamation are void, not merely procedurally defective. Following precedents from Delhi HC in Spice Entertainment Ltd. and SC in Pr. CIT v. Maruti Suzuki India Ltd., the court ruled that once amalgamation is complete, the amalgamating entity ceases to exist and cannot be subject to assessment proceedings. The Revenue's argument that reassessment could be initiated for pre-amalgamation periods against a non-existent entity was rejected as legally untenable. The writ petition was allowed. Case-Laws Income Tax Mon, 27 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313884