High Court: Active PAN Doesn't Justify Reassessment of Non-Existent Entity Post-Amalgamation.

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....Reassessment proceedings issued in the name of a non-existent entity - amalgamation of a company - The stand of the revenue that the reassessment was justified in view of the fact that the PAN in the name of the non-existent entity had remained active does not create an exception in favour of the revenue to dilute in any manner the principles enunciated hereinabove. - HC....