https://www.taxtmi.com/caselaws?id=787955 Where a business reorganisation took effect and the successor filed a modified return under the statutory scheme, assessments must proceed having regard to that modified return and the reorganisation order; proceeding separately against the transferor or issuing giving-effect orders without following Section 170A and related rules risks duplicative or conflicting demands and is unsustainable. The draft assessment dated 29.12.2023 and the giving-effect order dated 30.12.2023 for AY 2020-21 were quashed, and the Transfer Pricing Officer was directed to consider the modified return and pass fresh orders on merits, with subsequent remedies preserved. en-us Fri, 12 Dec 2025 00:00:00 +0530 Sat, 14 Mar 2026 08:36:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787955 Where a business reorganisation took effect and the successor filed a modified return under the statutory scheme, assessments must proceed having regard to that modified return and the reorganisation order; proceeding separately against the transferor or issuing giving-effect orders without following Section 170A and related rules risks duplicative or conflicting demands and is unsustainable. The draft assessment dated 29.12.2023 and the giving-effect order dated 30.12.2023 for AY 2020-21 were quashed, and the Transfer Pricing Officer was directed to consider the modified return and pass fresh orders on merits, with subsequent remedies preserved. Case-Laws Income Tax Fri, 12 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787955