https://www.taxtmi.com/caselaws?id=763333 The Bombay HC held that reassessment proceedings under section 148 of the IT Act against a non-existing amalgamating company were without jurisdiction and void. Following precedents from Maruti Suzuki India Ltd. and Teleperformance Global Services, the court ruled that once an amalgamating company ceases to exist due to an NCLT-approved amalgamation scheme (effective from April 1, 2005), the Assessing Officer cannot proceed against the non-existent entity. The assessment order was declared wholly without jurisdiction, non-est, and a nullity. en-us Wed, 27 Nov 2024 00:00:00 +0530 Tue, 17 Dec 2024 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763333 The Bombay HC held that reassessment proceedings under section 148 of the IT Act against a non-existing amalgamating company were without jurisdiction and void. Following precedents from Maruti Suzuki India Ltd. and Teleperformance Global Services, the court ruled that once an amalgamating company ceases to exist due to an NCLT-approved amalgamation scheme (effective from April 1, 2005), the Assessing Officer cannot proceed against the non-existent entity. The assessment order was declared wholly without jurisdiction, non-est, and a nullity. Case-Laws Income Tax Wed, 27 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763333