https://www.taxtmi.com/caselaws?id=776394 Where an amalgamation has taken effect before issuance of notice under Section 143(2), assessment proceedings must be initiated in the name of the transferee entity, not the amalgamated bank. Section 292BB cures defects in service or manner of service of notice, but it does not cure the complete absence of notice to the correct assessee. On the facts, the return stood in the name of the amalgamated bank, yet the undertaking had already vested in the transferee bank when notice was issued, so post-merger proceedings had to be pursued against the transferee. The assessment was therefore held invalid for want of jurisdiction. en-us Fri, 03 Jan 2025 00:00:00 +0530 Fri, 08 Aug 2025 16:10:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776394 Where an amalgamation has taken effect before issuance of notice under Section 143(2), assessment proceedings must be initiated in the name of the transferee entity, not the amalgamated bank. Section 292BB cures defects in service or manner of service of notice, but it does not cure the complete absence of notice to the correct assessee. On the facts, the return stood in the name of the amalgamated bank, yet the undertaking had already vested in the transferee bank when notice was issued, so post-merger proceedings had to be pursued against the transferee. The assessment was therefore held invalid for want of jurisdiction. Case-Laws Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776394