https://www.taxtmi.com/caselaws?id=759387 Delhi HC held that reassessment proceedings against non-existent entities following amalgamation are invalid. The court ruled that notices and orders issued in the name of dissolved companies after merger are nullities that cannot be validated under Section 292B. Following Maruti Suzuki precedent, proceedings against entities that ceased to exist by operation of law after approved amalgamation schemes are fundamentally flawed. However, notices bearing incorrect PAN details but issued to existing resultant entities were deemed valid. The court emphasized that assessees must properly notify tax authorities of approved amalgamation schemes to avoid procedural complications. en-us Thu, 26 Sep 2024 00:00:00 +0530 Fri, 27 Sep 2024 12:37:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759387 Delhi HC held that reassessment proceedings against non-existent entities following amalgamation are invalid. The court ruled that notices and orders issued in the name of dissolved companies after merger are nullities that cannot be validated under Section 292B. Following Maruti Suzuki precedent, proceedings against entities that ceased to exist by operation of law after approved amalgamation schemes are fundamentally flawed. However, notices bearing incorrect PAN details but issued to existing resultant entities were deemed valid. The court emphasized that assessees must properly notify tax authorities of approved amalgamation schemes to avoid procedural complications. Case-Laws Income Tax Thu, 26 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759387