Transfer Pricing Adjustment Invalid: Orders Issued Against Non-Existent Company After Amalgamation Hold No Legal Validity.

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....Validity of TP Adjustment against non existent entity - amalgamated company - all the revenue authorities i.e., the AO, TPO and DRP have passed the order in the name of old company. We are of the opinion that the order passed by the revenue authorities in the name of non-existent company which was in the knowledge of the revenue authority does not survive. - AT....