https://www.taxtmi.com/caselaws?id=771111 ITAT Chennai held that transfer pricing orders and draft assessment orders issued in the name of a non-existent amalgamating company were void ab initio, invalidating the entire assessment proceedings. Despite the final assessment order being issued in the correct name of the amalgamated entity, the tribunal ruled that valid TP and draft assessment orders are foundational cornerstones for valid assessment. Following SC precedent in Maruti Suzuki India Ltd, orders issued on non-existent entities are illegal and without jurisdiction, not mere clerical errors curable under Section 292B. The assessee's appeal was allowed. en-us Fri, 21 Mar 2025 00:00:00 +0530 Wed, 21 May 2025 08:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771111 ITAT Chennai held that transfer pricing orders and draft assessment orders issued in the name of a non-existent amalgamating company were void ab initio, invalidating the entire assessment proceedings. Despite the final assessment order being issued in the correct name of the amalgamated entity, the tribunal ruled that valid TP and draft assessment orders are foundational cornerstones for valid assessment. Following SC precedent in Maruti Suzuki India Ltd, orders issued on non-existent entities are illegal and without jurisdiction, not mere clerical errors curable under Section 292B. The assessee's appeal was allowed. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771111