https://www.taxtmi.com/caselaws?id=460253 Amalgamation of the transferor company with the transferee company, once effective and intimated to the Assessing Officer, required assessment proceedings to continue only in the name of the surviving entity. Notice under section 143(2) and the assessment order issued in the name of a non-existent amalgamating company were treated as a jurisdictional defect. Participation in the proceedings did not cure the defect, and section 292B of the Income-tax Act, 1961 did not save the irregularity. The assessment order was therefore invalid and liable to be quashed, with the assessee succeeding and the Revenue's appeal failing. en-us Tue, 16 Apr 2024 00:00:00 +0530 Fri, 17 Jan 2025 14:02:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460253 Amalgamation of the transferor company with the transferee company, once effective and intimated to the Assessing Officer, required assessment proceedings to continue only in the name of the surviving entity. Notice under section 143(2) and the assessment order issued in the name of a non-existent amalgamating company were treated as a jurisdictional defect. Participation in the proceedings did not cure the defect, and section 292B of the Income-tax Act, 1961 did not save the irregularity. The assessment order was therefore invalid and liable to be quashed, with the assessee succeeding and the Revenue's appeal failing. Case-Laws Income Tax Tue, 16 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460253