https://www.taxtmi.com/caselaws?id=459315 The Tribunal ruled in favor of the assessee, mandating the Assessing Officer to conduct a de novo assessment by considering the revised return filed post-merger. The Tribunal emphasized adherence to the High Court's directive regarding the merger's impact and the necessity to include transactions of erstwhile companies, ensuring assessments align with legal mandates. The appeal was allowed for statistical purposes, enabling the assessee to contest any future disallowances or additions in the reassessment. en-us Fri, 11 Feb 2011 00:00:00 +0530 Mon, 09 Dec 2024 11:39:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459315 The Tribunal ruled in favor of the assessee, mandating the Assessing Officer to conduct a de novo assessment by considering the revised return filed post-merger. The Tribunal emphasized adherence to the High Court's directive regarding the merger's impact and the necessity to include transactions of erstwhile companies, ensuring assessments align with legal mandates. The appeal was allowed for statistical purposes, enabling the assessee to contest any future disallowances or additions in the reassessment. Case-Laws Income Tax Fri, 11 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459315