https://www.taxtmi.com/caselaws?id=762345 The Delhi HC quashed a show cause notice and assessment order issued against a non-existent entity following company amalgamation. The court held that Section 87 of the CGST Act, 2017 preserves transactions between amalgamating companies and transposes liabilities to the amalgamated entity, but does not permit revenue authorities to issue notices or pass orders against non-existent entities. The provision treats companies as distinct only until the amalgamation order date and registration cancellation. Since liabilities transfer to the amalgamated entity, revenue collection rights remain protected without proceeding against the non-existent company. The petition was allowed. en-us Thu, 21 Nov 2024 00:00:00 +0530 Wed, 02 Jul 2025 14:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762345 The Delhi HC quashed a show cause notice and assessment order issued against a non-existent entity following company amalgamation. The court held that Section 87 of the CGST Act, 2017 preserves transactions between amalgamating companies and transposes liabilities to the amalgamated entity, but does not permit revenue authorities to issue notices or pass orders against non-existent entities. The provision treats companies as distinct only until the amalgamation order date and registration cancellation. Since liabilities transfer to the amalgamated entity, revenue collection rights remain protected without proceeding against the non-existent company. The petition was allowed. Case-Laws GST Thu, 21 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762345