https://www.taxtmi.com/caselaws?id=466566 Whether a penalty under Section 270A could be sustained when issued in the name of a transferor company that ceased to exist on merger: the tribunal held that adjudicatory orders must correctly identify the legal entity and that orders issued against a non existent transferor are void; consequently the penalty was quashed. The reasoning relied on the factual timing of merger and issuance of assessment and penalty, established principles on successor liability on amalgamation, and the rule that liability cannot be enforced against an entity that has been legally extinguished, resulting in allowance of the appeal. en-us Wed, 26 Feb 2025 00:00:00 +0530 Thu, 12 Feb 2026 19:01:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466566 Whether a penalty under Section 270A could be sustained when issued in the name of a transferor company that ceased to exist on merger: the tribunal held that adjudicatory orders must correctly identify the legal entity and that orders issued against a non existent transferor are void; consequently the penalty was quashed. The reasoning relied on the factual timing of merger and issuance of assessment and penalty, established principles on successor liability on amalgamation, and the rule that liability cannot be enforced against an entity that has been legally extinguished, resulting in allowance of the appeal. Case-Laws Income Tax Wed, 26 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466566