https://www.taxtmi.com/caselaws?id=799156 Reassessment against an amalgamating company cannot continue after its successor has been assessed for the same income and assessment year. Assessing identical share application money in the amalgamated successor's hands treats that successor as the person liable following amalgamation. Parallel proceedings against the predecessor, which has ceased to exist, would expose the same income to duplicate assessment and taxation. The reassessment notice and consequential proceedings against the amalgamating company were therefore quashed, with the issue resolved in the assessee's favour. en-us Fri, 11 Sep 2026 00:00:00 +0530 Thu, 17 Sep 2026 07:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799156 Reassessment against an amalgamating company cannot continue after its successor has been assessed for the same income and assessment year. Assessing identical share application money in the amalgamated successor's hands treats that successor as the person liable following amalgamation. Parallel proceedings against the predecessor, which has ceased to exist, would expose the same income to duplicate assessment and taxation. The reassessment notice and consequential proceedings against the amalgamating company were therefore quashed, with the issue resolved in the assessee's favour. Case-Laws Income Tax Fri, 11 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799156